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ICT YT - 2024-09-17 - ICT 2024 Mentorship - Lecture 29

Last modified by Drunk Monkey on 2024-09-25 09:33
1 00:01:00 --> 00:01:18 ICT: Good morning, folks, guys, can give me a heads up on Twitter, if you can
2 00:01:18 --> 00:01:28 hear me, you Good morning. Good morning. Good morning.
3 00:01:37 --> 00:01:38 Can you hear me? Hello, testing. I
4 00:01:44 --> 00:01:55 All right, there's the opening bell. Can you guys hear me? Hello, yeah. I'm not
5 00:01:55 --> 00:01:59 sure why the volume's not higher, so leaving comments and telling me that the
6 00:01:59 --> 00:02:03 volume's low, I can't help you, everything's set to its maximum setting
7 00:02:03 --> 00:02:03 to
8 00:02:09 --> 00:02:13 all right lower left hand corner. Five minute chart. We have a opening range,
9 00:02:13 --> 00:02:15 gap premium opium. I
10 00:02:32 --> 00:02:46 Okay, sweeping Friday's high once more you look on the set minute time frame,
11 00:02:46 --> 00:02:51 15 in time frame. We have it in. Well, get the
12 00:02:56 --> 00:03:03 around the 850s got a bit of a migraine today, so my pace is going to be a
13 00:03:03 --> 00:03:08 little bit slower. Some of you will probably you'll probably appreciate that
14 00:03:13 --> 00:03:14 seasonal stuff. I
15 00:03:40 --> 00:03:51 All right, so inside the opening range gap, which is presently shaded green,
16 00:03:51 --> 00:03:57 but I change that because it's not what I want to to highlight. I keep the same
17 00:03:58 --> 00:04:03 colors I'm using when I teach Caleb, not that I have this kind of stuff on my
18 00:04:03 --> 00:04:08 chart is extremely distracting, but I don't know how else I can you draw
19 00:04:08 --> 00:04:12 attention to certain things unless I put lipstick all over this stuff. So, all
20 00:04:19 --> 00:04:23 right, today's topic is and as a reminder, I won't be live streaming
21 00:04:23 --> 00:04:28 tomorrow, so it's the Fed's rate announcement that's something that I
22 00:04:28 --> 00:04:33 would have my son completely avoid trading because he's too inexperienced.
23 00:04:36 --> 00:04:38 So I won't be live streaming. To keep that I
24 00:04:45 --> 00:04:51 as an enticement from him, you're welcome to obviously do that. I'm sure
25 00:04:53 --> 00:04:59 everybody else will be streaming. But today's topic is going to be what
26 00:04:59 --> 00:05:04 happens if you miss. Your your entry. So you're watching a particular time frame.
27 00:05:06 --> 00:05:09 You get a green light that it's good for you to take a trade and just either you
28 00:05:09 --> 00:05:14 sit still, you freeze up, you second guess it, or you turn the charts on
29 00:05:14 --> 00:05:20 late, or you didn't notice it, and then it's now after the fact. So how do you
30 00:05:20 --> 00:05:25 how do you work with that? So we'll be, we'll be dealing with that topic. If you
31 00:05:25 --> 00:05:29 look at the five minute chart here in the lower left hand corner, I like that
32 00:05:29 --> 00:05:42 sell side right here, and the September I'm assuming this is 16, really, because
33 00:05:44 --> 00:05:49 I know it might be the right one. I don't trust the dates on these, so I'm
34 00:05:49 --> 00:05:55 trying not to call attention to the dates. I'm also testing it to see if
35 00:05:55 --> 00:06:03 they agree with the ones I have. But anyway, because we open up with a
36 00:06:03 --> 00:06:08 premium gap opening range gap higher than previous day's settlement, it's
37 00:06:08 --> 00:06:12 more it's most likely, you know, a 70% chance, that in the first 10, I'm sorry,
38 00:06:12 --> 00:06:18 30 minutes before 10 o'clock, or by 10 o'clock, it trades to mid gap. So we're
39 00:06:18 --> 00:06:23 looking for this price down here, and it's also pool liquidity resting on this
40 00:06:23 --> 00:06:24 little base of price action.
41 00:06:34 --> 00:06:44 So first presentation fair value gap is here, right there? So this is
42 00:06:52 --> 00:06:59 hopefully, if all things are good this morning, I won't have a very long
43 00:06:59 --> 00:07:08 session, which is my intended goal. And let's take the midline off of that,
44 00:07:08 --> 00:07:10 because I want to see it.
45 00:07:15 --> 00:07:27 There you go, and we're going to work primarily off of the one and 15 second
46 00:07:27 --> 00:07:31 chart today. Now, I know some of you don't, you don't have it, don't have
47 00:07:31 --> 00:07:36 access to it because of your, I guess, your plan, or whatever. You don't have
48 00:07:36 --> 00:07:44 that function or feature for treating you. It's up to you to get it, but this
49 00:07:44 --> 00:07:50 is what I'm teaching my son to work with. So you can apply this to something
50 00:07:50 --> 00:07:54 like, if you were looking at a one hour chart, if you're a little bit larger
51 00:07:54 --> 00:07:59 term trader in terms of the time frames, like you want to have a little bit
52 00:07:59 --> 00:08:05 higher Time Frame because you believe foolishly, but it's okay. I understand,
53 00:08:05 --> 00:08:08 but you think that these lower time frames are moving faster, and they're
54 00:08:08 --> 00:08:12 not. They're not moving any faster than any other time frame. But if you'd like
55 00:08:12 --> 00:08:18 to look for setups like, say, on an hourly chart, think of it as one. My one
56 00:08:18 --> 00:08:26 minute is your hourly chart. Okay? And then you can use something like a 15
57 00:08:26 --> 00:08:31 minute time frame or five minute chart to get into a move that you may have
58 00:08:31 --> 00:08:35 missed on the hourly or say you're you're panning through and you see
59 00:08:35 --> 00:08:38 something, oh, wow, I didn't see that set up there. I wish I would have saw
60 00:08:38 --> 00:08:45 that, but it's now starting the mood. Now we're trading into first presented
61 00:08:45 --> 00:08:47 fair value. Got here.
62 00:08:59 --> 00:09:05 I really want to work inside of the out the 10 o'clock hour for silver bullet. I
63 00:09:05 --> 00:09:14 want to use that information during that hour, but I'll wait till 950, 1010,
64 00:09:14 --> 00:09:23 macro, so I'm purposely sitting still if the trade sets up, you know, I'm gonna
65 00:09:23 --> 00:09:29 let it go, and then I'm gonna try to use the logic I'm trying to convey to Caleb
66 00:09:29 --> 00:09:33 and all of you willing to listen, is how to get into a move that's already
67 00:09:33 --> 00:09:47 happened to Start, or move which, in my opinion, is valuable. Skill set. No.
68 00:09:47 --> 00:09:54 Daniel, not drinking from the Yeti, sorry. All right. So here we have this
69 00:09:54 --> 00:09:57 candlesticks high. You're going to look at the value up here, upper right hand
70 00:09:57 --> 00:10:11 corner chart. So the high value. On this candlestick is where we at 19,007 93 and
71 00:10:11 --> 00:10:20 a half. We have yet to trade to number three candles high, which is 90,007 95
72 00:10:20 --> 00:10:26 even. And this one, I think, is probably the same price as that. Yeah, same
73 00:10:26 --> 00:10:36 highs. So we have to trade to technically 790, 4.75 we have not traded
74 00:10:36 --> 00:10:44 there yet. We have not traded there yet. That's using my model. That's how I
75 00:10:44 --> 00:10:50 would try to enter. If I'm aggressively trying to get into a trade, I have a
76 00:10:50 --> 00:10:54 bias that would be bears. All I'm doing is giving you a reminder that we're
77 00:10:54 --> 00:11:00 looking at mid gap down here. I And
78 00:11:06 --> 00:11:12 let's do this change there. So I'll check my
79 00:11:17 --> 00:11:22 Yeah, I'm good. So settlement, previous settlement opening price. Here's your
80 00:11:22 --> 00:11:30 opening range gap, and then we'll braid it real quick, drop in the FIB one. So
81 00:11:30 --> 00:11:34 then we have our upper quadrant we've already traded to. That's this right
82 00:11:34 --> 00:11:40 here, and all the other time frames. And now go back to electronic trading hours.
83 00:11:43 --> 00:11:51 My advice to Caleb is that if he's going to trade the day before FOMC, he needs
84 00:11:51 --> 00:11:55 to do it in the morning session, which is fine, because that's his model. He
85 00:11:55 --> 00:12:05 won't be trading the afternoons. I'd like to see this here jump up into that,
86 00:12:06 --> 00:12:07 that fair value got there. I
87 00:12:28 --> 00:12:34 the reason why I would encourage him to stay away from FOMC days is because he
88 00:12:35 --> 00:12:39 doesn't have the experience, and most of you probably don't have the experience,
89 00:12:39 --> 00:12:45 if we're being honest, I to not get excited about what you think you see in
90 00:12:45 --> 00:12:51 the charts, because that day is very manipulated. And even after the fact,
91 00:12:51 --> 00:12:58 okay, like it's a two stage delivery, 2pm tomorrow, the market's going to go
92 00:12:58 --> 00:13:02 one direction. It's going to shoot either higher or lower. You don't know
93 00:13:02 --> 00:13:04 which one they're going to do first. I don't know which one they're going to do
94 00:13:04 --> 00:13:12 first. It's heavily manipulated in that 230 during the conference call. Pals a
95 00:13:12 --> 00:13:20 little bit like me, he likes to talk a lot, so sometimes that 230 counter run.
96 00:13:20 --> 00:13:24 So whatever usually happens at two o'clock 230 usually runs right over top
97 00:13:24 --> 00:13:27 of that and goes the other direction. It's, it's usually not all the time, but
98 00:13:27 --> 00:13:30 that's usually what happens, kind of like a Non Farm Payroll event. It's the
99 00:13:30 --> 00:13:36 same thing, but it's a little bit more exaggerated. And if you're wrong, or if
100 00:13:36 --> 00:13:42 you're over leveraged, you're you're probably going to regret that. And I
101 00:13:42 --> 00:13:46 just want to include that in his early development stage, just to avoid the day
102 00:13:46 --> 00:13:49 entirely. That way he can't be enticed to do anything. You can't feel any kind
103 00:13:49 --> 00:13:50 of regret.
104 00:13:57 --> 00:14:04 So what I was looking for is a run, because we had this low and then this
105 00:14:04 --> 00:14:08 low here, trading down into the upper quadrant of the opening range gap. That
106 00:14:09 --> 00:14:12 means the difference between 930s opening price, the very first tick,
107 00:14:12 --> 00:14:18 opening print, today's trading and yesterday's settlement price, when the
108 00:14:18 --> 00:14:26 market technically settles at 415 since there's no trading at 415 it's 414 is
109 00:14:26 --> 00:14:30 the last print. So that's what you're looking for in your lower time frames.
110 00:14:30 --> 00:14:36 So between those two times, that's what makes up the opening range gap. Opening
111 00:14:36 --> 00:14:47 range is a 30 minute time interval, so up to 10 o'clock, and that's here, so we
112 00:14:47 --> 00:14:58 still have some time there. You want to keep your expectations kind of light,
113 00:14:58 --> 00:15:07 also the day before f1 See, it kind of goes without question that you would
114 00:15:07 --> 00:15:10 anyone really want to go out there knowing that there's going to be such a
115 00:15:10 --> 00:15:14 volatile delivery and price, like it's going to go all over the place tomorrow.
116 00:15:14 --> 00:15:21 So if you believe in the adage of buying and selling pressure. Who, in their
117 00:15:21 --> 00:15:27 right mind would be trying to position ahead large positions? Why would they
118 00:15:27 --> 00:15:32 want to get into the marketplace ahead of something like tomorrow's FOMC rate
119 00:15:32 --> 00:15:36 announcement? Like, why? Why would you want to do that? Why would they incur,
120 00:15:36 --> 00:15:46 you know, unnecessary risk? They wouldn't alright. So there's the first
121 00:15:46 --> 00:15:53 presented fair value gap, and I was explaining it off with the basis of this
122 00:15:53 --> 00:15:59 low falling short of the upper quadrant level of the opening range gap. And then
123 00:15:59 --> 00:16:03 it trades down to that sweeps that low, but it trades to the upper quadrant
124 00:16:03 --> 00:16:07 level. And then we created this little, tiny, little fair value see that in the
125 00:16:07 --> 00:16:11 lower left hand, which our lower right hand corner chart, when we were trading,
126 00:16:11 --> 00:16:14 I said, I want to see it trade up in that fair value gap. This is kind of
127 00:16:14 --> 00:16:17 like what I was hoping like trades by Matt guy would would try to trade like
128 00:16:17 --> 00:16:21 that, because what he's aiming for, that's basically it. That's his whole
129 00:16:21 --> 00:16:25 day. He's just sitting like that, and boom. I mean, it probably wouldn't be
130 00:16:25 --> 00:16:30 good for business, for his live streams. He'd be in there now, okay, guys, see
131 00:16:30 --> 00:16:33 you later in the OR, let's just talk about whatever, which is cool. I mean, I
132 00:16:33 --> 00:16:41 love him. I think he's a a nice guy, no drama, The NASDAQ cowboy. I love his
133 00:16:41 --> 00:16:47 song, like I listen to it. Sometimes I'm driving, I'm turning on this. Like,
134 00:16:47 --> 00:16:49 that's actually a catchy little jingle.
135 00:16:57 --> 00:17:00 But you'll see on a 15 second chart, if you can find one minute, five minute,
136 00:17:01 --> 00:17:05 buy, sell, liquidity. And you want to write this part down, because, like I
137 00:17:05 --> 00:17:12 said, I'm going to be waiting until we get into either the deeper half of the
138 00:17:12 --> 00:17:19 950 to 1010, macro, before I look for anything, or after 10 o'clock. But we're
139 00:17:19 --> 00:17:23 going to wrap it up at 1030 this morning. So that way it's a little bit
140 00:17:23 --> 00:17:27 shorter. And I want to kind of keep to that. I know I say that, but I have to
141 00:17:27 --> 00:17:31 force myself to do it, because Caleb can't. He can't keep up with with this
142 00:17:31 --> 00:17:36 while he's working his job. So, but if you in your notes, you want to write
143 00:17:36 --> 00:17:42 down for fair value, you got trading. You can do high frequency trading, and
144 00:17:42 --> 00:17:46 it's not complicated. It's extremely easy. You can do it without a bias, and
145 00:17:47 --> 00:17:52 the only thing you're doing is looking for relative equal highs on a five or
146 00:17:52 --> 00:17:57 one minute chart, once you map them out in close proximity to where we're at
147 00:17:57 --> 00:18:03 right now. So what would that look like? What you would have. We're going to use
148 00:18:03 --> 00:18:06 the one minute chart. Okay, I'm going to maximize this for a moment.
149 00:18:22 --> 00:18:34 And yeah, I'm ruining it for you. He's here's a guy on Instagram that has a
150 00:18:34 --> 00:18:39 large, I don't know, I don't know if the followers are bots or what, but he has
151 00:18:40 --> 00:18:43 my name, like he's pretending to be me. I'm not on Instagram at all. I'd
152 00:18:43 --> 00:18:47 appreciate if you guys reported it. It's like a 200,000 follower account that's
153 00:18:47 --> 00:18:54 not me, and he links my youtube channel like, like I would if it was me. So I'm
154 00:18:54 --> 00:18:57 hoping that when people go there, they click on that link and they watch videos
155 00:18:57 --> 00:19:02 like this, where I say, I'm not on Instagram. 2024 1024,
156 00:19:14 --> 00:19:15 and then we'll do it in black. And
157 00:19:26 --> 00:19:29 it giddy up. It doesn't
158 00:19:40 --> 00:19:41 really work, well, does it
159 00:19:59 --> 00:20:07 have. That's about saying about wanting to wait, waiting for a little bit more
160 00:20:07 --> 00:20:14 time based delivery, if you're expecting this, just to go up there and fill like
161 00:20:15 --> 00:20:23 I would do if I was aggressive, and it wasn't a day ahead of FOMC, getting in
162 00:20:23 --> 00:20:27 that entry price there, you would have to endure this. And when you know what
163 00:20:27 --> 00:20:30 you're doing and you understand the characteristics, you know what is going
164 00:20:30 --> 00:20:35 to happen, you know the likelihood that a fair value gap, a PD array, it might
165 00:20:36 --> 00:20:40 work through them. And that's not failure for the sake of the methodology.
166 00:20:40 --> 00:20:44 It just means that it's going to color outside the lines and get a little
167 00:20:44 --> 00:20:52 animated. And you can see that happening here, cell side here I'm
168 00:21:33 --> 00:21:42 so that would be like a high frequency run to short term either five or one
169 00:21:42 --> 00:21:44 minute, buy side or sell side. Liquidity,
170 00:21:49 --> 00:21:57 using no bias, just zero bias, just looking for a price run that takes out
171 00:21:57 --> 00:22:01 short term high, short term lows. And you can do that all day long and not
172 00:22:01 --> 00:22:07 even have a not even have a bias. Or the daily session, I'm sorry, with the daily
173 00:22:07 --> 00:22:11 candle or the session you're trading being like the New York session, the
174 00:22:11 --> 00:22:15 morning session or the afternoon session, or if you're trading in the
175 00:22:15 --> 00:22:19 lunch hour, and you can use the same thing like you don't have to be in here
176 00:22:20 --> 00:22:25 sitting still and only trading on a higher timeframe bias. That's that's not
177 00:22:25 --> 00:22:32 required. But you know, when you're first learning it helps, it gives a
178 00:22:32 --> 00:22:38 framework. So now what I'm doing is I'm watching the this wick here, upper right
179 00:22:38 --> 00:22:47 hand corner chart. I'm looking at this wick right there. I'm looking at the
180 00:22:47 --> 00:22:50 765, and a quarter level,
181 00:22:57 --> 00:23:00 because we traded up into first presented fear of a gap there. I know
182 00:23:00 --> 00:23:02 some of you are probably Short right now.
183 00:23:19 --> 00:23:27 This is the mid gap level down here. Let's do this.
184 00:23:42 --> 00:23:50 I'm so mid gaps here and 10 o'clock here. So we'll see if we can get that
185 00:23:51 --> 00:23:54 mid gap delivery by 10 o'clock.
186 00:24:02 --> 00:24:48 I messing it all up for you guys out there wanting to make copies of these
187 00:24:48 --> 00:24:51 things, put them on YouTube channel, and I push a button to get them taken
188 00:24:59 --> 00:25:07 down. I. So you can think, think to yourself for a second, okay, there are
189 00:25:07 --> 00:25:10 mornings where you'll get in, where you'll watch the price. There's the
190 00:25:10 --> 00:25:19 delivery to make up. So 70% strike rate true today. And now we have the lower
191 00:25:19 --> 00:25:29 quadrant level here at 694 and a half, so be our next downside objective.
192 00:25:38 --> 00:25:45 These for the folks that make these overlays, then I don't want to call them
193 00:25:45 --> 00:25:49 an indicator, because they're not really, not really doing anything like
194 00:25:50 --> 00:25:54 except for reporting previous price points. They're not like, they're not
195 00:25:54 --> 00:26:01 manipulating the data. All they're doing is plotting it. That's why I said
196 00:26:04 --> 00:26:09 indicator slash overlay. Overlays are a more appropriate term for it, because if
197 00:26:10 --> 00:26:14 you're doing anything to manipulate the data at all, it's not something I would
198 00:26:14 --> 00:26:19 do. So I don't trade with indicators. But if you are making these, or if
199 00:26:19 --> 00:26:22 you're the author of this one, and I'll show you which one this is, so you'll
200 00:26:22 --> 00:26:29 recognize it right away. This person here. You want these a little bit
201 00:26:29 --> 00:26:33 further away from price. This is too it's too close. It's very distracting
202 00:26:33 --> 00:26:38 for me. So I don't know if it, if it's a both or something for anyone else, but
203 00:26:39 --> 00:26:44 you need to have it in a way. I would prefer having it set up the same way. A
204 00:26:47 --> 00:26:52 this thing here the ray. Whenever you put that on your chart, it's always
205 00:26:52 --> 00:26:56 going to if you put the annotation to the middle and on the right, it'll
206 00:26:56 --> 00:26:59 always be on the right side of your chart, always at the first extreme.
207 00:26:59 --> 00:27:02 That's how it should be. It should always be like that. And then you'd have
208 00:27:03 --> 00:27:07 the the luxury of moving the chart around with the price to bring it closer
209 00:27:07 --> 00:27:12 to the annotation these. I don't know if you can do that in Pine script, but the
210 00:27:12 --> 00:27:19 that, that's my opinion, that's how it should be. Okay. So we worked, we worked
211 00:27:19 --> 00:27:26 lower. Got close to lower quadrant, but the small, little gap here on the 15
212 00:27:26 --> 00:27:32 second chart, and then now we're back in the high of that new, new week, opening
213 00:27:32 --> 00:27:38 gap. I was tempted to go in here today completely naked on the charts and have
214 00:27:38 --> 00:27:46 nothing on here, but it's pounding me today, so I would feel the impulse to
215 00:27:46 --> 00:27:52 just try to put more stuff on the chart myself, and I want to do it so we have a
216 00:27:52 --> 00:28:01 couple more minutes before 10 o'clock. We have a short term high here with a
217 00:28:01 --> 00:28:03 civic sell side, imbalanced by side and efficiency.
218 00:28:14 --> 00:28:25 So so far, keeping with the logic we can let trades go. In other words, you can
219 00:28:25 --> 00:28:31 see them coming. You see them formed, set up all that business first presented
220 00:28:31 --> 00:28:40 fair value gap here, 933 so I made this mistake yesterday, and I talked about
221 00:28:40 --> 00:28:46 how one of the candlesticks I pointed to was in the correct time, and it it's
222 00:28:46 --> 00:28:49 because I'm talking live over the chart, and I have so many things I want to talk
223 00:28:49 --> 00:28:53 while the one minute chart was booking price. So I'm constantly getting
224 00:28:53 --> 00:28:58 information from what price is dealing and I'm trying to imitate and talk and
225 00:28:58 --> 00:29:01 give you answer questions I know that's going to come up by based on whatever
226 00:29:01 --> 00:29:07 I'm just said moments ago, and also keeping in line with what I present for
227 00:29:07 --> 00:29:14 that, that lecture. So it's fine that, you know, I made the mistake of calling
228 00:29:14 --> 00:29:17 it the initial fair value gap, where first president present the fair value
229 00:29:17 --> 00:29:23 gap, but it doesn't change anything. It's not like it would have caused a
230 00:29:23 --> 00:29:26 losing trade or something like that. But I did make the mistake, and I corrected
231 00:29:26 --> 00:29:34 myself in the stream. I had probably 900 comments on yesterday's stream. Not you
232 00:29:34 --> 00:29:39 could leave comments on that stream, but on other posts on my YouTube channel,
233 00:29:39 --> 00:29:42 where they were they could leave a comment. They were saying it. Everybody
234 00:29:42 --> 00:29:53 likes to correct me. The the first present, if everybody got here, is
235 00:29:53 --> 00:29:59 obviously this candle here. That's candle stick number two. So to get Sure.
236 00:30:00 --> 00:30:06 I told you I wanted to see the move start like I'm letting it go. I told you
237 00:30:06 --> 00:30:13 that this price here would have to trade to 794 point you're watching this price
238 00:30:13 --> 00:30:19 up here the high to use my entry technique, it would have been shorting
239 00:30:19 --> 00:30:28 as it slammed into 19,007 94.75 you may elect to trade a seldom order. That's
240 00:30:28 --> 00:30:35 what that would be at that price, 795, or higher, you could try to get the
241 00:30:35 --> 00:30:39 consequent encouragement, but it might not go there. You can try to get the
242 00:30:39 --> 00:30:44 lower quadrant. That's probably a good price to reach for. Or if you're really,
243 00:30:45 --> 00:30:52 I guess greedy, you can go in there and try to get the upper portion of of this
244 00:30:52 --> 00:31:02 gap. You can see, we just created a mohawk, so you can anticipate when the
245 00:31:02 --> 00:31:06 market will color outside the PD arrays. You see these jokers out there? I'll
246 00:31:06 --> 00:31:10 say, Look, you know, you're seeing your your PD arrays getting run through.
247 00:31:10 --> 00:31:14 That's part of what you're doing. You're watching how it interprets that. How
248 00:31:14 --> 00:31:20 does it deliver around it kind of like if, if you're looking for a you running.
249 00:31:26 --> 00:31:36 I'm running a little bit slower today. Be it's like a faint, okay, like, like a
250 00:31:36 --> 00:31:43 boxer might act like he's gonna throw a certain punch and or a pitcher, you
251 00:31:43 --> 00:31:46 know, they throw a certain kind of pitch that makes the batter think, okay, it's
252 00:31:46 --> 00:31:50 coming right there, and then it just drops down, okay? Or it curves. It's
253 00:31:50 --> 00:31:54 got, yeah, that's basically the, what I'm saying is the I will allow the
254 00:31:54 --> 00:31:58 market to throw a curveball, and my PD arrays will get colored outside the
255 00:31:58 --> 00:32:06 lines, the Mohawk here, going above that fair value gap. Ideally, it stays inside
256 00:32:06 --> 00:32:10 of it. And many times, when we don't have these environments, which is the
257 00:32:10 --> 00:32:16 day before FOMC, that means it can be a little bit more careless in terms of its
258 00:32:16 --> 00:32:21 precision. It can be a little bit muddier in the water, so you won't see
259 00:32:21 --> 00:32:29 really crisp delivery of price action. So if that's what is likely occur, why
260 00:32:30 --> 00:32:35 would you want to use your lowest entry threshold watch and see how it trades up
261 00:32:35 --> 00:32:41 into the fair value gap, and be more selective, and in my opinion, allow it
262 00:32:41 --> 00:32:46 to first run to the extreme of it, because it might want to do that, and
263 00:32:46 --> 00:32:51 then once it creates the Mohawk, you can trade inside that wick that created
264 00:32:51 --> 00:32:56 that, and you'll get really good premium pricing and trade down to the mid gap,
265 00:32:56 --> 00:32:59 because that's always in the first 30 minutes. That's your bias. If you're
266 00:32:59 --> 00:33:04 going to ask me, What's the bias? ICT, well, there it is. See how, see how hard
267 00:33:04 --> 00:33:08 that can be for you. You have to go and pull up a fib and drop it over the
268 00:33:08 --> 00:33:12 opening price of today at 930 anchored to yesterday's selling price on river
269 00:33:12 --> 00:33:19 trading hours. And then the midpoint on the FIB, that is your 70% bias for the
270 00:33:19 --> 00:33:25 first 30 minutes. Like that is so mechanical, it's so easy, like, how hard
271 00:33:25 --> 00:33:28 is that it's not hard, but you're out here trying to figure out, you know,
272 00:33:28 --> 00:33:33 what, what videos to watch, you know, where do I start? This is, this is the
273 00:33:33 --> 00:33:36 series you start with. This one. This is the one that puts people right in the
274 00:33:36 --> 00:33:41 charts. And here's the setups every single day. It's the same repeating
275 00:33:41 --> 00:33:46 logic. We gap open higher? Is it more than 40 handles? Okay, then you have a
276 00:33:46 --> 00:33:52 respectable opening gap. That means then you can do what you can anticipate the
277 00:33:52 --> 00:33:59 market creating a 70% strike rate of returning back to the half gap. So why
278 00:33:59 --> 00:34:04 are you complicating it? I'm not complicating it. You you pick the first
279 00:34:04 --> 00:34:10 fair value gap that forms at 931 that's the earliest in terms of time, between
280 00:34:10 --> 00:34:14 931 and 10 o'clock in the morning, the very first fair value gap that forms.
281 00:34:15 --> 00:34:19 And how do you use that first very fair value gap? Okay, I can see that. But
282 00:34:19 --> 00:34:24 what do you do? What does this tell you about the opening range? Gap, mid gap,
283 00:34:24 --> 00:34:28 if it, if it's below the first fair value gap, price, which is this
284 00:34:28 --> 00:34:32 candlestick here? Doesn't that mean the bias for the first 30 minutes should be
285 00:34:32 --> 00:34:38 what bearish is it not delivering it? And you're and you're, you're trying to
286 00:34:38 --> 00:34:43 argue with me that what I'm teaching is complicated. It's absolutely not. You're
287 00:34:43 --> 00:34:47 just not listening to the long, drawn out things where I'm explaining why it's
288 00:34:47 --> 00:34:52 best to understand every facet to it, and you curse me and you cuss me out and
289 00:34:52 --> 00:34:56 talk all this nonsense in comment sections of my videos, or even on my
290 00:34:56 --> 00:35:00 social media or other people's social media, saying that the stuff. Doesn't
291 00:35:00 --> 00:35:04 work. Well, find this stuff and anybody else's stuff. Find the first presented
292 00:35:04 --> 00:35:08 fair value gap. Find the fact that it's going to go to mid gap 7% of the time.
293 00:35:08 --> 00:35:11 In the first 30 minutes you got, you have an entire trading model right
294 00:35:11 --> 00:35:17 there, and you're done. In 30 minutes, you're done. I mean, I don't know, what
295 00:35:17 --> 00:35:23 else would you want? I don't know. I mean, I know I would want more because
296 00:35:23 --> 00:35:29 I'm, I'm that type of guy, but you don't need more than to quit your job. I mean,
297 00:35:29 --> 00:35:35 you can do this over time and make more than your your paycheck gives you. It
298 00:35:35 --> 00:35:41 completely strips away the ambiguity of where's the bias, what trade directions
299 00:35:41 --> 00:35:46 I trade in and Now contrast that with people that will tell you what you're
300 00:35:46 --> 00:35:52 learning isn't real, where there's no real logic to it. I'm going to take this
301 00:35:52 --> 00:35:56 little box off now, because it's actually not that I like to keep these
302 00:35:56 --> 00:36:09 dudes from looking smart by having my stuff up. Pretend it's them the let's
303 00:36:09 --> 00:36:16 maximize that one minute chart. So your stop would be above this candlestick
304 00:36:16 --> 00:36:21 here. So anything you're shorting in here, you're stopped above this camel.
305 00:36:23 --> 00:36:26 So yeah, we wicked above the fair value gap, but that doesn't do anything to
306 00:36:26 --> 00:36:30 upset the trade. So if you know that it's going to be a day that has
307 00:36:30 --> 00:36:33 characteristics that allows and affords the market to be a little bit more
308 00:36:33 --> 00:36:38 muddier, where it colors Outside the Lines, how do we know that? How can we
309 00:36:38 --> 00:36:44 anticipate that? Because tomorrow's FOMC in the morning or day before, can tend
310 00:36:44 --> 00:36:49 to be a little bit more reckless and more wild. The price can be a little bit
311 00:36:49 --> 00:36:58 more disorganized, basically, and shorting in this first fair value gap,
312 00:36:58 --> 00:37:05 the gap itself formed at 9:33am, candle number two is where your stop is going
313 00:37:05 --> 00:37:10 to go, whether you're going long or short. So think like an algorithm. Okay,
314 00:37:11 --> 00:37:15 an algorithm is just the recipe. So here's the here's the recipe. This is
315 00:37:15 --> 00:37:21 the this is your Blue Ribbon recipe from ICT, where all you have to do is follow
316 00:37:21 --> 00:37:25 this logic every single day. You're not going to get a winning trade every
317 00:37:25 --> 00:37:29 single day, but I promise you, if you study it, go back and back, test it,
318 00:37:29 --> 00:37:32 you're going to see an enormous advantage in how you could have been
319 00:37:32 --> 00:37:36 making a whole lot more consistent moves, passing your funded accounts,
320 00:37:36 --> 00:37:40 getting funded, getting withdrawals, getting all that stuff, getting real
321 00:37:41 --> 00:37:45 money, turning your demo account that you're trading with these funded account
322 00:37:45 --> 00:37:52 companies into money making machines. The recipe or algorithm is this every
323 00:37:52 --> 00:37:58 day at nine o'clock Eastern Standard Time, you're sitting down and you're
324 00:37:58 --> 00:38:02 opening up the NASDAQ, or you're going to open up the ES, it's the same thing.
325 00:38:02 --> 00:38:05 You're not making anything different here. It's just the same process. If you
326 00:38:05 --> 00:38:09 want to trade the Dow, I don't know why you would want to trade a Dirty 30. I
327 00:38:09 --> 00:38:13 can't stand it. It's too spotty. I don't like it. But if that's your cup of tea,
328 00:38:13 --> 00:38:17 just know that you're probably going to have a little bit more adversity in that
329 00:38:17 --> 00:38:23 one, because it does a whole lot of it creates a lot more wicks, and it usually
330 00:38:23 --> 00:38:29 will move faster or before the other indices, because it's more responsive,
331 00:38:29 --> 00:38:33 because there's only 30 issues in it that make up that index, whereas the S P
332 00:38:33 --> 00:38:41 has 500 companies and the Nasdaq has 100 so because of that, that's Why the S P
333 00:38:41 --> 00:38:46 is a little bit smoother, because it's factoring a composite of 500 individual
334 00:38:46 --> 00:38:51 companies price fluctuations and changes, versus the NASDAQ, which is a
335 00:38:51 --> 00:38:55 composite index of 100 stocks, and then you have the least which is the Dow,
336 00:38:55 --> 00:39:02 which owns only 30 stocks. So out of those 30 stocks, it can be influenced
337 00:39:02 --> 00:39:07 greatly by the price movement of larger stocks in that list of 30, so it's a
338 00:39:07 --> 00:39:11 little bit skewed, and that's why I don't like it. So that answers a lot of
339 00:39:11 --> 00:39:15 questions about the Dow and why don't trade it? Can I trade it? Yes. Does my
340 00:39:15 --> 00:39:23 stuff work in it? Yes, but I'm not trading it, so I I will use the Dow for
341 00:39:23 --> 00:39:29 a like a SMT divergence early warning. But it's not that. It's not the deciding
342 00:39:29 --> 00:39:35 factor. I'd prefer to see an SMT divergence between ES and NASDAQ. So if
343 00:39:35 --> 00:39:43 I'm bearish, I want to see, I want to see like, since I'm actively trading the
344 00:39:43 --> 00:39:49 NASDAQ, I would look at the E, Mini, s, p, by comparison. And we are in the
345 00:39:49 --> 00:39:55 December contract. We're not looking at the the September contract anymore. Do
346 00:39:55 --> 00:40:03 you see the s and t divergence? I. I don't worry about price. I got I got
347 00:40:03 --> 00:40:06 another I got another entry. Don't worry. I'm purposely letting things move
348 00:40:06 --> 00:40:13 around the these highs here, this high went higher than that. One didn't it.
349 00:40:13 --> 00:40:25 Now I'm look at it here with the NASDAQ. See it now? By comparison, this looks a
350 00:40:25 --> 00:40:30 whole lot more animated, doesn't it? And when there's wicks, I'm looking at the
351 00:40:30 --> 00:40:34 bodies, because that's where the bulk of the volume is. So there'll be times
352 00:40:34 --> 00:40:43 where you'll see that the wicks might be higher, but the bodies aren't inside
353 00:40:43 --> 00:40:49 this swing. Compare that to here. So NASDAQ went higher, both in wicks,
354 00:40:49 --> 00:40:59 comparatively between this highs and here in in ES, I keep wanting to reach
355 00:40:59 --> 00:41:05 for the U for September delivery contract month. You see what's happened
356 00:41:05 --> 00:41:12 here. Y'all thought you knew. SMT. You don't know SMT.
357 00:41:14 --> 00:41:19 Here's the high and the wick went higher. But the what do wicks do? What I
358 00:41:19 --> 00:41:24 teach it, they do the damage. So the this is an SMT divergence, because the
359 00:41:24 --> 00:41:29 bodies in the high here are lower than this. So that's why you gotta stop
360 00:41:29 --> 00:41:33 listening to these dollar menu mentorships, because they're they don't,
361 00:41:33 --> 00:41:36 they don't know everything that I know, and they don't know the full concepts.
362 00:41:37 --> 00:41:42 Like I said, I've only introduced everything, yeah, every single thing is
363 00:41:42 --> 00:41:47 just an introduction. It gives you a platform as a foundation to start
364 00:41:47 --> 00:41:51 understanding it. And you don't need to know everything and do well, but what
365 00:41:51 --> 00:41:58 happens when you really understand it? Yeah, so by comparison, again, you want
366 00:41:58 --> 00:42:03 to do this in your own charts. By the way, don't use mine. You want to use the
367 00:42:09 --> 00:42:15 the time frame right above the executable time frame and the time frame
368 00:42:15 --> 00:42:22 that you intend to trade on meaning, as I mentioned at the beginning of the
369 00:42:22 --> 00:42:26 stream, I said that we're going to be working with a move that's already
370 00:42:26 --> 00:42:30 happened or started. Let's put it that way. And then what happens if you miss
371 00:42:30 --> 00:42:34 that move? Well, you have two choices. You can be regretful and get angry and
372 00:42:34 --> 00:42:40 get emotional and say, Oh man, and then either chase it or the worst is okay,
373 00:42:40 --> 00:42:43 since I missed it, I'm angry. Now I'm going to feed it. I'm going to wait for
374 00:42:43 --> 00:42:46 it to I think it ends now, so now I'm going to trade the other direction,
375 00:42:46 --> 00:42:53 because you, because you want to wrestle the marketplace. You're you're mad at it
376 00:42:53 --> 00:42:59 never good. Now I like the 19,009 I
377 00:43:04 --> 00:43:09 26 level. That's the equivalent of the September contract. And you can check
378 00:43:09 --> 00:43:18 you can check that out. Look at your hourly chart on the NQ, u2, 024, on
379 00:43:20 --> 00:43:26 trading view. And then look at the the August, 27 through 29th highs. There
380 00:43:26 --> 00:43:31 are, like, four or five of them up there, real smooth, the equivalent for
381 00:43:31 --> 00:43:35 the December contract, which is what we're watching price in right now. That
382 00:43:35 --> 00:43:40 is the same thing here, right? So that's where those relative equal highs are.
383 00:43:40 --> 00:43:45 That's that big pocket of buy side liquidity. If we don't go there today, I
384 00:43:45 --> 00:43:53 think that FOMC tomorrow will target that area. So that's just a very loose
385 00:43:54 --> 00:43:58 expectation. It's not a hard and fast it's going to do it. I'm not betting the
386 00:43:58 --> 00:44:03 farm on it. I'm not trying to position myself ahead. I'm not in any trades
387 00:44:03 --> 00:44:07 right now. I didn't trade last night. I didn't do anything. I just hung out and
388 00:44:07 --> 00:44:12 made a little video presenting great bowls, which is a PD array that I'll
389 00:44:12 --> 00:44:19 talk more about in the book, but it's how you use Wix, okay? And Wix are a PD
390 00:44:19 --> 00:44:25 array that you can look inside of them, in that little gray area of where nobody
391 00:44:25 --> 00:44:29 would really pay that much attention to a cluster of wicks. But the algorithm,
392 00:44:29 --> 00:44:33 because it knows every single high and low and it knows how to refer back to it
393 00:44:33 --> 00:44:37 based on its script, it's going to refer to those wicks in a manner that I
394 00:44:37 --> 00:44:45 outlined, and you can see it so I'm not looking at supply and demand zones. I'm
395 00:44:45 --> 00:44:49 not looking at old highs and old lows for support and resistance. I'm looking
396 00:44:49 --> 00:44:57 at very specific prices, but where those prices reside in the matrix of where
397 00:44:57 --> 00:45:01 price is at the market and if it's going. Go lower, I'm going to be looking
398 00:45:01 --> 00:45:04 for discounted rates. I'm not just looking for inefficiencies like a fair
399 00:45:04 --> 00:45:07 Vega. I'm not looking for relatively cool lows or a single low. I'm looking
400 00:45:07 --> 00:45:14 for clustering of wicks because nobody's paying attention to them. No one's no
401 00:45:14 --> 00:45:19 one's making any effort to to see what was the purpose of that flurry of price
402 00:45:19 --> 00:45:23 action, redelivering multiple times in that area where you have multiple wicks
403 00:45:23 --> 00:45:30 overlapping, right? You think the algorithm, you know, if, if, if you can
404 00:45:30 --> 00:45:36 just give me the the stage for a second, assume for a moment, if you don't
405 00:45:36 --> 00:45:39 believe there's an algorithm that controls price and it delivers price and
406 00:45:39 --> 00:45:45 it's a price engine. If you don't believe that, pretend for a moment you
407 00:45:45 --> 00:45:52 did. Wouldn't it be logical if there were a algorithm that even that little
408 00:45:52 --> 00:45:58 messy area of a clustering of wicks all different lengths and such, wouldn't it
409 00:45:58 --> 00:46:03 have to still have to work with that information there or otherwise ignore
410 00:46:03 --> 00:46:08 it, and what problems would it create if it was ignoring that? And why would it?
411 00:46:08 --> 00:46:13 Why would it ignore that? What would make what would set the precedence over
412 00:46:13 --> 00:46:16 something else in the marketplace that the algorithm will refer to, versus
413 00:46:16 --> 00:46:20 something like that? But then, when you start seeing it like I'm teaching in the
414 00:46:20 --> 00:46:26 in the future with this, you'll see that you have an x ray view of price. You'll
415 00:46:26 --> 00:46:32 be able to see things that are not technically in your chart. They're not
416 00:46:32 --> 00:46:35 in your chart. Nobody's seeing these things because they're not looking for
417 00:46:35 --> 00:46:38 it. Number one, they haven't they have no knowledge of it. They have no no
418 00:46:38 --> 00:46:41 reason, no there was no inspiration. Now there's going to be all kinds of people
419 00:46:41 --> 00:46:45 creating these bullshit storylines. Okay, that, Oh, this is the thing I've
420 00:46:45 --> 00:46:50 cracked enigma. You don't have any idea what you're talking about, but I'm
421 00:46:50 --> 00:46:55 introducing it kind of like a little bit of a enticement to say there's new stuff
422 00:46:55 --> 00:47:01 coming, there's new stuff coming. And it's extremely precise, very, very
423 00:47:01 --> 00:47:08 precise, and it's time based. It's very specific time based things I don't need
424 00:47:08 --> 00:47:13 to be in here worrying about every single fluctuation. I can set a date,
425 00:47:13 --> 00:47:17 just like when you set a birthday party for your child, or you set a date that
426 00:47:17 --> 00:47:21 you're going to be at a restaurant with your significant other at dinner. Here
427 00:47:21 --> 00:47:24 it is. That's the time we're going to be there eating. That's what I can do with
428 00:47:24 --> 00:47:28 my trading. That's what you can do with your trading. And that is a liberating
429 00:47:28 --> 00:47:32 feeling. Contrast that with everything else, you're waiting for something to
430 00:47:32 --> 00:47:38 appear in a chart, or you're just waiting. You're just waiting. Yeah, keep
431 00:47:38 --> 00:47:47 waiting. So the the idea of moving from one minute buy side and sell side, and
432 00:47:47 --> 00:47:54 then, using a 15 second chart, you can find very, very high frequency trading
433 00:47:54 --> 00:48:00 setups in that you're going to get stopped out more times than anything
434 00:48:00 --> 00:48:05 else I've taught, because you're going to be chasing every potential run into
435 00:48:05 --> 00:48:10 liquidity on a very small time frame, and the times you're going to get caught
436 00:48:10 --> 00:48:16 offside is when you don't refer to the time of day, the day of week, the week
437 00:48:16 --> 00:48:19 of the month, the seasonal tendency where the higher Time Frame, daily Order
438 00:48:19 --> 00:48:26 Flow and weekly order flow is reaching for specifically this. I believe this is
439 00:48:26 --> 00:48:32 where we're going to aim now, because that is a likelihood, and we have big
440 00:48:32 --> 00:48:37 news coming out tomorrow, I would not want to position very large today. I
441 00:48:37 --> 00:48:41 would not want to swing trade today. I think it's more reasonable to see them
442 00:48:41 --> 00:48:46 leave this here. It's just a real easy candy store to rob and just go in there
443 00:48:46 --> 00:48:50 tomorrow and smash it. They can be chopping around and do all kinds of
444 00:48:53 --> 00:48:58 subtle ranging, creating consolidations that many of you would be frustrated by.
445 00:48:59 --> 00:49:02 But when you understand that these are the conditions and characteristics you
446 00:49:02 --> 00:49:08 won't be in here trying to trade larger or more frequent than you should. So
447 00:49:08 --> 00:49:12 while there is a approach to trading high frequency using sub one minute time
448 00:49:12 --> 00:49:20 frames, you can get shit 2030, trades a day easily, and that wouldn't be over
449 00:49:20 --> 00:49:24 trading, using that model like think about that like that in the hands of
450 00:49:24 --> 00:49:29 someone that doesn't know what they're doing, and it's impulsive, and they're
451 00:49:29 --> 00:49:34 over leveraging. You're gonna blow your brains out because you have so many
452 00:49:34 --> 00:49:42 opportunities for you to the mess it up. Basically, I'm trying not to curse the
453 00:49:43 --> 00:49:50 so what happens if you know that this is the likely draw, if you filter out all
454 00:49:50 --> 00:49:55 the high frequency trading that you do, sub one minute, aiming for short term
455 00:49:55 --> 00:50:00 one minute or five minute buy side using a 15 second fair value, got entry. Model
456 00:50:01 --> 00:50:06 you're filtering out all the potential for you to get nailed if they do, in
457 00:50:06 --> 00:50:11 fact, want to run up there and hit that. So you see, it's not just give me the
458 00:50:11 --> 00:50:15 right fair value gap, give me a PD array, give me a straightforward model.
459 00:50:15 --> 00:50:21 I just gave it to you this morning. You're looking for a gap of 40 handles
460 00:50:21 --> 00:50:30 or more, okay, the the larger. Above 40 handles, the better. What was the what
461 00:50:30 --> 00:50:40 was opening range this morning? Previous settlement price at 661, 795, hello.
462 00:50:40 --> 00:50:45 That's over 100 handles. So you are in a jackpot like you have an easy, easy,
463 00:50:45 --> 00:50:51 easy, 70% chance. That's not 100% chance, folks. That's not a guarantee.
464 00:50:52 --> 00:50:58 It's a 70% chance that in the first 30 minutes, you have an ability to sit down
465 00:50:58 --> 00:51:00 know exactly what you're expecting to see in price. What is that you're
466 00:51:00 --> 00:51:06 expecting the price from this opening price here at 930 to gravitate down to
467 00:51:06 --> 00:51:10 half of the gap. You don't need the whole gap to close. There are things
468 00:51:10 --> 00:51:15 that you can trade with that gives that idea. I'll teach a little bit about
469 00:51:15 --> 00:51:19 that. But Why worry about having that when you got something that's
470 00:51:19 --> 00:51:23 statistically probable over 70% of the time. I mean, think about you don't even
471 00:51:23 --> 00:51:31 get it right in your demo account. You know that many times in a month a year,
472 00:51:31 --> 00:51:35 you have very, very low strike rate. And the people that are honest, they come
473 00:51:35 --> 00:51:39 out forward, they'll say, you know, I'm about 50% accurate. And to me, that's
474 00:51:39 --> 00:51:45 offensive, because I'm a numbers guy. I like looking for advantages. I don't
475 00:51:45 --> 00:51:48 want to go out here and just do something that doesn't have an built in
476 00:51:48 --> 00:51:53 advantage. Who would want to do that? People that believe that price is
477 00:51:53 --> 00:51:59 random. So they they submit themselves to okay, what's probably not going to be
478 00:51:59 --> 00:52:03 an easy day, but I'm going to go out here and do something. And if you're a
479 00:52:03 --> 00:52:07 live streamer, it's even worse, because now you feel like you gotta perform. And
480 00:52:07 --> 00:52:13 it's, it's illuminating watching individuals go out there and they just
481 00:52:14 --> 00:52:17 phone it in, they just lob it in and say, Okay, well, you know, there it is.
482 00:52:17 --> 00:52:21 There it is, guys, I did my best. Well, I'm telling you how to make your best
483 00:52:21 --> 00:52:27 better. Opening range, gap, okay, they're never going to hide this from
484 00:52:27 --> 00:52:30 you. They're never going to change it. And it's not going to some it's not
485 00:52:30 --> 00:52:36 going to be something that falls out of favor, okay. Gap opening higher, more
486 00:52:36 --> 00:52:39 than 40 handles. The larger the gap, the better. That means your range is more
487 00:52:39 --> 00:52:45 opportunity. So from the opening price, soon as at 930 opens up, you know what
488 00:52:45 --> 00:52:52 that price is. Everybody else knows what that price is. Down to that gaps
489 00:52:52 --> 00:53:03 midpoint, which is 728.25 so you have essentially, what is that 50 ish
490 00:53:03 --> 00:53:04 handles.
491 00:53:05 --> 00:53:14 Now think about this. What would 50 handles do per week? Not every day, not
492 00:53:14 --> 00:53:21 every day, just one trade per week. You say I'm going to find one setup because
493 00:53:21 --> 00:53:26 I don't know what I'm doing. I want to get consistent. I want to build trust in
494 00:53:26 --> 00:53:31 myself and not be impulsive, but I still want to show progress. And if you're
495 00:53:31 --> 00:53:35 trying to get a funded account, combine past if you can't stick to something
496 00:53:35 --> 00:53:39 like what I'm outlining here, no wonder you're failing. And you shouldn't be
497 00:53:39 --> 00:53:43 paying for them. Don't buy anymore of them till you can build yourself
498 00:53:43 --> 00:53:49 discipline if you're not smiling, and if the gears aren't turning in your head
499 00:53:49 --> 00:53:55 right. Now, how this is so fucking easy, and it's in front of you every single
500 00:53:55 --> 00:53:59 day, and you, I've told I've told you this for weeks now, and it's not every
501 00:53:59 --> 00:54:04 single day. But it's happening enough, even if you did it wrong on the days
502 00:54:04 --> 00:54:12 that it didn't deliver. 50 handles. Is 50 handles. That's $1,000 on one mini,
503 00:54:16 --> 00:54:20 $1,000 what's $1,000 do for you? Once a week, one trade, you're not even
504 00:54:20 --> 00:54:29 worrying about it in 30 minutes. In 30 minutes, that's how long, okay, you have
505 00:54:29 --> 00:54:36 to sit and wait. I'm satisfying every Millennials fucking dream. This is a
506 00:54:36 --> 00:54:42 Millennials wet dream. Tell me what to do, what direction, what's the target,
507 00:54:42 --> 00:54:46 and how long do I have to sit still and wait for it? I've answered all of it.
508 00:54:46 --> 00:54:49 There's nobody else out there has given you something like that. There's no one
509 00:54:49 --> 00:54:55 else doing it like this, baby. It's ridiculous. I got all kinds of stuff
510 00:54:55 --> 00:55:00 like this, but this is easy. Large opening gap, higher. Yeah, wonderful.
511 00:55:00 --> 00:55:06 Find the mid gap. There it is. Find your opening price. That's your range. That's
512 00:55:06 --> 00:55:13 the profit potential. Okay, so now, what do you do? You wait in one minute from
513 00:55:13 --> 00:55:17 the opening price. You can take your time. You got 60 seconds to say, Okay,
514 00:55:17 --> 00:55:21 what's the math on this? Here's my opening price, and in the mid gap prices
515 00:55:21 --> 00:55:25 down here, once you anchor your fib to the between price there's that's your
516 00:55:25 --> 00:55:29 price you're aiming for. That's your range between this price and that one.
517 00:55:30 --> 00:55:34 So you know your bias is what you're going to try to go short. So now what do
518 00:55:34 --> 00:55:40 you wait for? He's going to go short? No, you watch price. You wait for to do
519 00:55:40 --> 00:55:46 what create the first presented fair value gap? This is the first fair value
520 00:55:46 --> 00:55:52 gap. This candle here at 933 so it meets the criteria. It can't be on the 930
521 00:55:53 --> 00:55:58 candle. 931 is the easiest and first, I'm not easiest. It's the first,
522 00:55:58 --> 00:56:02 earliest candlestick that can create the fair value gap. Candlestick number two,
523 00:56:02 --> 00:56:06 I'm number two, that one that makes the imbalance. This is candlestick number
524 00:56:06 --> 00:56:15 one. This is candlestick number two. Here's candlestick number three. So
525 00:56:15 --> 00:56:21 candlestick number three, your entry is either one tick below, if you're
526 00:56:21 --> 00:56:24 aggressive like me, and you know what, what side of the market you're trying to
527 00:56:24 --> 00:56:27 get in, and you just don't want to miss the move. Because I trust this model,
528 00:56:29 --> 00:56:33 you know I I could trust this. I could be selling short there. And any
529 00:56:33 --> 00:56:36 opportunity, it's inside that gap here, I'm going to short. I will short rate
530 00:56:36 --> 00:56:44 that mohawk, because it stops up here. I uh, above this candle is high. I know
531 00:56:44 --> 00:56:48 this is intrusive, having that laying on top here, but I'm sorry, but people
532 00:56:48 --> 00:56:52 literally take my stuff and they they try to put their own, their own YouTube
533 00:56:52 --> 00:56:55 channel, and it's just real easy for me to push a button, and the copyright is
534 00:56:56 --> 00:56:59 done, and they lose their channel. And I'm not trying to be a jerk about it,
535 00:56:59 --> 00:57:03 but you don't have the right to put my content on your community channels, and
536 00:57:03 --> 00:57:07 I'll give you permission to translate them either. So the and you can hate me
537 00:57:07 --> 00:57:12 for I don't care the number two candle, that's the in the in imbalance, where
538 00:57:12 --> 00:57:16 it's this, number one candle is low and Number three's candle is high. Anywhere
539 00:57:16 --> 00:57:27 in here, go short, stop up here. So this little spike here, they can crack jokes
540 00:57:27 --> 00:57:33 all they want, but I just gave you something they can never deliver. And
541 00:57:33 --> 00:57:39 this is such a good model, it's so it answers everything. When it starts to
542 00:57:39 --> 00:57:44 break down, you find a short term low. Once it breaks that, you put your stop
543 00:57:44 --> 00:57:50 loss to cover costs. If you have more than one contract, you take a partial
544 00:57:50 --> 00:57:53 below the short term low. Everything I'm saying here, when we have a gap lower
545 00:57:53 --> 00:57:59 opening more than 40 handles 50% of the gap is your target. Wait for the first
546 00:57:59 --> 00:58:02 presented fair value gap, and you're going to be using as the as a means to
547 00:58:02 --> 00:58:08 go long and trade up to the half of the guy here, first period, first fair value
548 00:58:08 --> 00:58:12 gap. Here is your entry mechanism to get down to mid gap. And you have a 70%
549 00:58:12 --> 00:58:16 strike rate built in. Got a home field advantage that this is going to happen
550 00:58:16 --> 00:58:24 70% of the time daily. Now you can further increase that strike rate by
551 00:58:24 --> 00:58:32 understanding economic calendar, hello, and understanding the likelihood of what
552 00:58:32 --> 00:58:38 happens if you take 75 to 8% off of the trade at the mid gap. And you don't have
553 00:58:38 --> 00:58:41 the experience and you want to see if you can go down to close the entire gap.
554 00:58:41 --> 00:58:45 Okay, just put your stop loss somewhere above the short term while you took
555 00:58:45 --> 00:58:49 profit at or partial, and if it stops you out on the balance, who cares? At
556 00:58:49 --> 00:58:55 least you had a free look. You did 80% off here, remaining from the position
557 00:58:55 --> 00:58:59 after you've taken off a partial, or don't do any partials, just expect that
558 00:58:59 --> 00:59:07 it goes below this low and accelerates to mid gap. Look at the bodies. Look how
559 00:59:07 --> 00:59:12 the bodies are, respecting that mid gap level. That's algorithmic. It's doing
560 00:59:12 --> 00:59:21 something that it's been scripted and coded to do, just like a recipe. I want
561 00:59:21 --> 00:59:24 you to think about the potential that I just laid in your hands. I've already
562 00:59:24 --> 00:59:30 taught this a few times in my lectures. I've taught this, but you don't remember
563 00:59:30 --> 00:59:35 it because you're waiting for something where I'm drawing over top the chart and
564 00:59:35 --> 00:59:39 I'm trying to tell you what the market's going to do next. Why worry about what's
565 00:59:39 --> 00:59:42 happening next when I'm telling you how you're going to find what's going to
566 00:59:42 --> 00:59:47 happen next, every day, what's more important to you, the fair value get
567 00:59:47 --> 00:59:51 that I'm going to push a button on today, or having the watch where you
568 00:59:51 --> 00:59:54 don't need to come back to watch my channel. How's that working for ad
569 00:59:54 --> 00:59:58 revenue campaign, I don't want you coming to watch my videos, because if
570 00:59:58 --> 01:00:01 you keep coming back and watching my videos. That means you don't know, you
571 01:00:01 --> 01:00:03 don't know anything. You're still learning, and if you're brand new,
572 01:00:04 --> 01:00:08 that's that's reasonable. But when somebody finds a model like this, why
573 01:00:08 --> 01:00:13 would you want to worry about whatever else I put up? Why would you even want
574 01:00:13 --> 01:00:18 to buy my books? How's that for a sales campaign, I don't need your money. Okay?
575 01:00:18 --> 01:00:21 I'm just presenting it because it's my stuff, and nobody else has the authority
576 01:00:21 --> 01:00:25 or the authority or the understanding be able to do it. And I want to document
577 01:00:25 --> 01:00:29 it, my sons and daughter, they can hear me talk about it. It's not just looking
578 01:00:29 --> 01:00:33 at my notes, looking at my journals, looking at my my things that may not be
579 01:00:33 --> 01:00:37 as a clear depiction or understanding what it is that I'm actually teaching
580 01:00:38 --> 01:00:43 and what I've used. It's my whole entire life's work, and this is not in Al
581 01:00:43 --> 01:00:48 Brooks bullshit. Okay, no, no offense to the guy, but I don't have any connection
582 01:00:48 --> 01:00:52 to any other mentor out there, and Larry Williams wouldn't know anything about
583 01:00:52 --> 01:00:55 this either. Ask him. Don't be rude about it, that guy, I guarantee you
584 01:00:55 --> 01:01:03 he'll say, Yeah, I don't know anything about that. He was my first mentor. I
585 01:01:03 --> 01:01:06 anything that's ever had an influence on me from him, I've always credited. And I
586 01:01:06 --> 01:01:10 told everybody, buy everything he has, and everybody should have that book. How
587 01:01:10 --> 01:01:14 many million dollars shaking commodities last year? It's a 1970s book. And
588 01:01:14 --> 01:01:17 there's a lot of stuff in there that doesn't hold water, in my opinion, but
589 01:01:17 --> 01:01:22 the very specific things in there about premium pricing. That means the front
590 01:01:22 --> 01:01:25 month is more expensive than the distant month. For instance. How would that?
591 01:01:25 --> 01:01:31 What would that mean in terms of trading the S, P or NASDAQ? Right now, the
592 01:01:31 --> 01:01:37 nearby contract is September still and it's going to expire, and then it
593 01:01:37 --> 01:01:43 becomes the December contract entirely. So that's your that's your nearby
594 01:01:43 --> 01:01:48 contract, or front month. Then you have the next month out, which would be March
595 01:01:48 --> 01:01:52 2025, and then the next month out would be June 2025, the next month out would
596 01:01:52 --> 01:02:01 be September 2025, in a carrying charge market where the normal pricing model is
597 01:02:01 --> 01:02:06 in play, you will have higher prices for like we're looking at corn or soybeans,
598 01:02:07 --> 01:02:11 usually it's more expensive. The price right now for this contract in December
599 01:02:11 --> 01:02:19 is trading at 19,007 97 Now, contrast that with NQ for the September contract,
600 01:02:21 --> 01:02:26 we're in the five hundreds. So there's a there's a premium in the December
601 01:02:26 --> 01:02:30 contract versus the price that's in September. You see that? Well, that's a
602 01:02:30 --> 01:02:38 normal carrying charge market, and it's more more useful in a real supply and
603 01:02:38 --> 01:02:45 demand market, like grains, cattle, something that we eat or consume oil.
604 01:02:45 --> 01:02:49 Okay, there's a real buying and selling demand in these markets, because they're
605 01:02:49 --> 01:02:52 like, they're the resources that makes the world go round. We don't really need
606 01:02:52 --> 01:02:56 to buy the S, P and the Nasdaq, just like we don't need to buy shares of
607 01:02:56 --> 01:02:59 stock. So while it's
608 01:03:01 --> 01:03:06 better for the market if you're bullish, to see the nearby contract trading for
609 01:03:06 --> 01:03:11 more money than the next months out in the future. In other words, the price
610 01:03:11 --> 01:03:18 should go higher in the future when you're looking at commodity prices. But
611 01:03:18 --> 01:03:22 if that ever reverses, and it's higher prices right now, then you have an
612 01:03:22 --> 01:03:27 inversion from a carrying charge market to a commercial bull market. That means
613 01:03:27 --> 01:03:33 large, large conglomerates and commercial users are more interested in
614 01:03:33 --> 01:03:39 buying it so much it can maintain a huge premium in price relative to the traded
615 01:03:39 --> 01:03:43 price of the distant month contracts. And if you're brand new, that probably
616 01:03:43 --> 01:03:46 went right over your head. But it's a very simple thing. If you go into the
617 01:03:46 --> 01:03:51 commodity teachings that I have in the 2027 mentorship, I believe it's month
618 01:03:51 --> 01:03:57 10. I believe it's month 10. I split up that that month with bond trading,
619 01:03:57 --> 01:04:06 commodity trading, stock trading and for the life man, I can't remember the other
620 01:04:06 --> 01:04:11 ones I don't remember, but it's in there. I talk about it. But the, I'm not
621 01:04:11 --> 01:04:13 even sure how I got on this subject matter, but the,
622 01:04:21 --> 01:04:25 you have a model now you have no excuse not to be finding consistent setups
623 01:04:25 --> 01:04:29 every single day. You have an experiment laboratory for 30 minutes every single
624 01:04:29 --> 01:04:36 day. Caveat now, here is the spin. Here's the spin on that logic, as long
625 01:04:36 --> 01:04:41 as price remains below your stop loss when you're short, using this model, and
626 01:04:41 --> 01:04:45 we have not traded to the mid gap. You stay with the trade until you're either
627 01:04:45 --> 01:04:53 stopped out or you get your target. Is that complicated? Nope. Now how, how
628 01:04:53 --> 01:04:59 could you mess this up? Okay, here's how you mess it up. You're going to over
629 01:04:59 --> 01:05:05 leverage. You're going to try to trade before the fair value gap is traded too.
630 01:05:07 --> 01:05:12 You will not take the trade because you haven't watched it enough times for
631 01:05:12 --> 01:05:18 weeks and months to desensitize yourself to it, to trust the data. Don't just
632 01:05:18 --> 01:05:21 take my word for it. I don't want anybody taking my word for anything that
633 01:05:21 --> 01:05:25 I say, the open challenges is go in and see if this stuff isn't really going on,
634 01:05:25 --> 01:05:29 because once you see it, you can't unsee it. No one's going to convince you
635 01:05:29 --> 01:05:32 otherwise, and then you're a cult member for life, okay? And that's not a bad
636 01:05:32 --> 01:05:36 thing. It just means that you're part of the cult of winning. There's no other
637 01:05:36 --> 01:05:42 simpler system model that's mechanical. It's finite parameters, just like when
638 01:05:42 --> 01:05:48 you read a recipe, how many eggs does it call for? How much milk, how much sugar,
639 01:05:48 --> 01:05:54 how much flour, you can't go in here and say, You know what? This pineapple up
640 01:05:54 --> 01:05:58 the upside down. Pineapple cake calls for this, this, this, and this, you
641 01:05:58 --> 01:06:03 know, I just want to kick it up a notch and put my own spin on this, and I'm
642 01:06:03 --> 01:06:11 gonna throw in horseradish. The Hell yeah, that that's, that's what you're
643 01:06:11 --> 01:06:15 gonna mess it up with. You're gonna try to bring something else into it. Okay?
644 01:06:15 --> 01:06:18 You're gonna come up with some bullshit name for something and try to reinvent
645 01:06:18 --> 01:06:26 it so that we can go out and and here it is. But in my book, I'm going to
646 01:06:26 --> 01:06:30 reference these videos where it's time and date stamped, where you can see me
647 01:06:31 --> 01:06:34 giving the details about this. I promise you what I just taught is there's going
648 01:06:34 --> 01:06:39 to be dozens and dozens of books before the fucking November holiday. Amazon's
649 01:06:39 --> 01:06:47 going to have ICTs elite day trading model, 100% mechanical, and they're
650 01:06:47 --> 01:06:51 going to inflate the number 100% strike rate, guaranteed to make money, and it's
651 01:06:51 --> 01:06:55 going to be that's fake, that's false, but 70% of time, you're going to see
652 01:06:55 --> 01:07:00 that these parameters deliver but it still affords the ability for people to
653 01:07:00 --> 01:07:03 mess it up, because they're going to bring their own problems to it. They're
654 01:07:03 --> 01:07:06 going to be fearful, they're going to be too impatient, they're going to try to
655 01:07:06 --> 01:07:09 trade before they should. They're going to over leverage, or they're not going
656 01:07:09 --> 01:07:13 to be disciplined. They won't be in front of the charts to do it. They'll
657 01:07:13 --> 01:07:19 live a lifestyle that allows them to get drunk, inebriated and sleep over and
658 01:07:19 --> 01:07:23 miss it, and then, because they didn't take a trade the previous day, that was
659 01:07:23 --> 01:07:27 really, really good, then they'll over leverage on the next day, thinking, I
660 01:07:27 --> 01:07:32 gotta make up. You don't make up anything. You just take the trade based
661 01:07:32 --> 01:07:38 on the parameters, and that means trade with one contract, the smallest
662 01:07:38 --> 01:07:45 contract, the micro. And you desensitize yourself to the importance of the money.
663 01:07:45 --> 01:07:51 Take that part out of it for weeks. Up to give me at least one month where
664 01:07:51 --> 01:07:55 you're doing this every single day. So that way you have a whole month of data
665 01:07:57 --> 01:08:00 and then see what you were recording about what you felt when you were doing
666 01:08:00 --> 01:08:04 it, watching and observing it, did you get emotional about how you were
667 01:08:04 --> 01:08:07 failing? You're going to be right and conquering. Were you fearful that it
668 01:08:07 --> 01:08:12 wasn't going to work? You have to get that baseline measurement about you,
669 01:08:12 --> 01:08:20 because the you is what's going to mess it up. Okay, trust me, the first time I
670 01:08:20 --> 01:08:24 sat down and I put this to task. I was like, I want to have something that's
671 01:08:24 --> 01:08:30 mechanical, that I want to know that this is what I can do, and I will set up
672 01:08:30 --> 01:08:36 a scenario where I can automate it. And this is one of my first automated things
673 01:08:36 --> 01:08:42 with trading view. I'm not trading view, TradeStation. I did a lot of coding with
674 01:08:42 --> 01:08:48 easy language, with TradeStation back in the in the 90s, and this was one of my
675 01:08:48 --> 01:08:53 simplest, easy bread and butter just it's like a cash machine. It just simply
676 01:08:53 --> 01:08:57 will spit out the setups to you. And it's like an ATM with a pin code that,
677 01:08:57 --> 01:09:01 you know, has an endless supply of opportunity. It's just right there all
678 01:09:01 --> 01:09:04 the time. But I don't want you to believe that. I want you to go in and
679 01:09:04 --> 01:09:08 test it for yourself, because as soon as you see it, it's going to be like, What
680 01:09:08 --> 01:09:11 the hell you've been trying to do all this other stuff and the whole time,
681 01:09:11 --> 01:09:15 every single trading day. If these parameters are there, 40 handles are
682 01:09:15 --> 01:09:21 higher. There has to be 40 handles from previous settlement price to where we
683 01:09:21 --> 01:09:28 open first or more. It's better if it's larger. It's really, really good if it's
684 01:09:28 --> 01:09:36 larger than that, if, if it's over 200 handles I've seen in the last two years
685 01:09:36 --> 01:09:44 or so, I will defer trading this setup, because, chances are it might still keep
686 01:09:44 --> 01:09:48 running, because something out there is heavy manipulation going on. So 100
687 01:09:49 --> 01:09:52 handles, let's make it a little bit clearer. 100 handles, approximately
688 01:09:53 --> 01:09:59 minimum 40 handles. That's your that's your sweet spot, okay? And if you use
689 01:09:59 --> 01:10:04 this. This mechanism. Okay, there's a lot of you guys that do coding and such.
690 01:10:04 --> 01:10:07 You have everything right there. I just gave you the documentation stage of it,
691 01:10:08 --> 01:10:11 like I did go through the coding aspect. And it's an easy fix of just putting a
692 01:10:11 --> 01:10:16 couple things there and then bang. You know where the stop goes? You know where
693 01:10:16 --> 01:10:19 your target is. You know what you're looking for. It's time based for the
694 01:10:19 --> 01:10:28 first fair value gap, the form one minute chart, and then by 10 o'clock it
695 01:10:28 --> 01:10:32 should deliver certain extent of time to mid part of the guy. Like, come on, man,
696 01:10:32 --> 01:10:36 seriously. Like, who's giving you anything close to that? You know what
697 01:10:36 --> 01:10:40 time it's going to set up. You know how long to hold on to it. You know what to
698 01:10:40 --> 01:10:44 do if it doesn't trade to the target yet. You hold it or let it get stopped
699 01:10:44 --> 01:10:48 out and be comfortable with it getting stopped out, because you should have a
700 01:10:48 --> 01:10:53 partial taken if you're trading with one contract, allow that stop out to happen
701 01:10:53 --> 01:10:59 and then and record what you felt as a result of that. You're going to go to I
702 01:10:59 --> 01:11:01 wish I would have closed to trade it. That's this point where it was the
703 01:11:01 --> 01:11:09 maximum open profit, but not realized. And if you do that, what you're saying
704 01:11:09 --> 01:11:13 is you want to be right, and you have to work on that. That's what you're
705 01:11:13 --> 01:11:16 supposed to be doing. When you're tape reading, you're discovering yourself.
706 01:11:16 --> 01:11:19 And when you demo trade, you're trying to discover where your bad habits are.
707 01:11:19 --> 01:11:23 You're not thinking that you want to have something to go online and online
708 01:11:23 --> 01:11:26 and show people look how much money I made today. And nobody's impressed by
709 01:11:26 --> 01:11:33 that. Nobody's impressed by that. Because if you can't make that bread for
710 01:11:33 --> 01:11:39 real and eat on it, that means make real money with it. What difference does it
711 01:11:39 --> 01:11:44 make? Everybody out there can get lucky, but this isn't luck. This is logic. This
712 01:11:44 --> 01:11:52 is very, very specific rules. If it's doing this, then you can look for this.
713 01:11:52 --> 01:11:56 When this does appear, then you can take action on it. And where's your stop go
714 01:11:56 --> 01:11:59 above candlestick number two, if you're short and when you're bullish, it goes
715 01:11:59 --> 01:12:06 below candlestick. Number two is low. How hard is that? It's not hard at all.
716 01:12:08 --> 01:12:14 And you take what the market gives you, some days, it's going to be amazing. The
717 01:12:14 --> 01:12:18 stop will be very small relative to the distance for where the first fair value
718 01:12:18 --> 01:12:26 got forms in your entry would be at to half the gap. So anyway, you can see,
719 01:12:26 --> 01:12:31 look at the characteristic of this market right now, double carried away
720 01:12:34 --> 01:12:40 the it's just ranging. And that's classic, the day before FOMC. So I'm
721 01:12:40 --> 01:12:51 going to strip this down to the two panel view, all right, and then I want
722 01:12:51 --> 01:12:59 that 15 second on the right side. And this is your one minute chart. Take this
723 01:12:59 --> 01:13:07 all here. All right, so see what they did here. We have these lows. This is
724 01:13:07 --> 01:13:13 jagged on the bottom, and what's up here? Short term, buy side. I'm
725 01:13:23 --> 01:13:28 in this fun, hidden learning with good old ICT fun. Give it a thumbs up if you
726 01:13:28 --> 01:13:32 appreciate the fact that this gave you something that's going to pay your your
727 01:13:32 --> 01:13:36 bills for the rest of your life. You don't have to pay for it either. No
728 01:13:36 --> 01:13:42 mentorships required, no book sales required. You have to spend any money,
729 01:13:42 --> 01:13:47 no money at all, and you got something that answers everything you'd ever need,
730 01:13:49 --> 01:13:53 and it doesn't need to concern you. If it's going to stop working, they're
731 01:13:53 --> 01:13:57 going to change your algorithm. It's literally, it's, it's something that's
732 01:13:57 --> 01:14:00 going to repeat in perpetuity. As long as there's markets, there's going to be
733 01:14:00 --> 01:14:03 an imbalance likely to happen in the morning session. You morning session.
734 01:14:03 --> 01:14:08 It's always there, and that's how they use an entice initial market sentiment.
735 01:14:08 --> 01:14:13 That's the purpose of the gap. It's not the buying and selling pressure. So all
736 01:14:13 --> 01:14:15 right, over here, we have 15 second chart. I'm
737 01:14:25 --> 01:14:29 a little spotty for 15 seconds because it's the day before FMC. I would
738 01:14:38 --> 01:14:42 not be terribly excited about this afternoon. So I know some of you that
739 01:14:42 --> 01:14:47 are watching you live stream try to avoid trading the afternoon. If you're
740 01:14:47 --> 01:14:51 going to trade it, just do it and you're in privacy, because you could probably
741 01:14:51 --> 01:14:53 be met with a little bit more difficulty, because you're getting
742 01:14:53 --> 01:14:57 closer to the time when absolutely nobody wants to do anything in the
743 01:14:57 --> 01:15:02 marketplace. Alright? So. Well, you can get a little bit more displacement here
744 01:15:02 --> 01:15:04 on that candle. Give us a fair value
745 01:15:12 --> 01:15:15 gap. Now, this is again, this is a drill. It's not meant for you to copy
746 01:15:15 --> 01:15:21 me. It's for you to get a baseline see what if it runs right to that, if it
747 01:15:21 --> 01:15:32 runs right to 1850 then we have to wait. Gotta give the gap on the 15 second.
748 01:15:40 --> 01:15:45 But you're doing these drills as many times as you can afford. To do it with
749 01:15:45 --> 01:15:49 your schedule. If you can only do like one or two a day, that's fine. It's just
750 01:15:49 --> 01:15:54 like an exercise routine. You go into lower time frames finding relative equal
751 01:15:54 --> 01:15:59 high or low, and you're not demanding your right? Okay, see that's not, don't
752 01:15:59 --> 01:16:04 want, I don't want to see that Melanie, have my buttons open.
753 01:16:15 --> 01:16:20 It's too close to the liquidity. I can wait. I don't have a job. I don't have
754 01:16:20 --> 01:16:29 anything to do today, so I can stay here as long as it takes. Just be confident
755 01:16:29 --> 01:16:31 that, you know, we can see these liquidity pools and see how easy it is,
756 01:16:31 --> 01:16:35 right to it. And that's just one instance where it'll do these. And
757 01:16:35 --> 01:16:39 that's it. That right there is something you should log. It didn't give you the
758 01:16:39 --> 01:16:47 setup like running into this I mentioned earlier. That's what I was aiming for.
759 01:16:49 --> 01:16:52 That's what I was aiming for. I wanted to get something in here with trade back
760 01:16:52 --> 01:16:55 into a fair value gap and then catch that. So you guys be like, What the hell
761 01:16:55 --> 01:17:01 he did it again? But sometimes they'll run without and the fair value gap just
762 01:17:01 --> 01:17:05 doesn't it's not given to you. And you can get mad about it. You can say, oh,
763 01:17:05 --> 01:17:09 man, I missed that move. Or you can say, you know, self, self, and say, this
764 01:17:09 --> 01:17:13 stuff repeats. There's no need for me to worry about it. I'm going to find
765 01:17:13 --> 01:17:17 another setup. All I do is sit here and relax. So let me go back to this real
766 01:17:17 --> 01:17:22 quick. We had these lows here, and this was made jagged so cell stops down here
767 01:17:22 --> 01:17:26 on the one minute chart were taken. Remember I was telling you earlier, if
768 01:17:26 --> 01:17:31 you're going to be doing these exercises, be aware. You may not know
769 01:17:31 --> 01:17:35 how to do this because you're you're learning, but figure out where the
770 01:17:35 --> 01:17:41 higher Time Frame draw is, which was what I showed you earlier, up here at
771 01:17:41 --> 01:17:46 926, level. And I mentioned beginning to stream these up here that that's these
772 01:17:46 --> 01:17:50 are all potential draws because of this being the higher Time Frame reason for
773 01:17:50 --> 01:17:54 markets that want to go up there, those relative equal highs that we were
774 01:17:54 --> 01:17:58 watching in the September contract, that is the same level here just for the
775 01:17:58 --> 01:18:03 December contract. So the prices are different, but the same, same school of
776 01:18:03 --> 01:18:07 thought or reason to expect the trade there is still the same here, because
777 01:18:07 --> 01:18:11 it's still relative equal. Highs on the December contract is if you go back and
778 01:18:11 --> 01:18:17 look at the August, last week of august of 2024 in the December contract, it's a
779 01:18:17 --> 01:18:21 lot of gap, gaping price action, but doesn't change the fact that it's too
780 01:18:21 --> 01:18:24 smooth and we're most likely going to see it trade up in here. I'm not saying
781 01:18:24 --> 01:18:29 it means to do it today, but as a higher Time Frame draw if you're going to be
782 01:18:29 --> 01:18:33 doing these little exercises, get yourself desensitized to getting into
783 01:18:33 --> 01:18:37 trades. Get yourself some experience pushing the button, managing a stop
784 01:18:37 --> 01:18:42 loss, managing how you're going to endure getting it wrong, if you're
785 01:18:43 --> 01:18:47 getting it stopped out, if it runs in your favor, it gives you all these
786 01:18:47 --> 01:18:51 perfect little laboratory conditions where you're not influenced by the money
787 01:18:52 --> 01:18:55 you're doing one contract. You're not trying to pyramid, you're not trying to
788 01:18:55 --> 01:18:59 be perfect with your entry. You're just getting some kind of exposure in price
789 01:18:59 --> 01:19:04 action. Well, if we know that this is likely the draw here on the daily chart,
790 01:19:05 --> 01:19:12 then it's better for you to filter only going long if you're going to be using
791 01:19:12 --> 01:19:18 it to take trades with monetization at the end of it as a result. But don't
792 01:19:18 --> 01:19:22 think that way only while you're doing a baseline evaluation, because you want to
793 01:19:22 --> 01:19:26 see what it's like when you do it wrong, or if you get into a trade and it runs
794 01:19:26 --> 01:19:30 aggressively other way and doesn't go to your target, you need to identify how
795 01:19:30 --> 01:19:33 you're going to respond to that. You need to you need to know that as soon as
796 01:19:33 --> 01:19:38 you can in your trading, because it's going to highlight what your character
797 01:19:38 --> 01:19:42 flaws are, and don't hide from it. It it doesn't mean that you're a bad person.
798 01:19:42 --> 01:19:45 It doesn't mean you're a bad trader, or you can't become better with these
799 01:19:45 --> 01:19:50 features and functions that every human being has them. Sometimes, some people
800 01:19:50 --> 01:19:56 have really toxic, self defeating things about themselves, and they don't see it
801 01:19:56 --> 01:19:59 that way. They like to sugarcoat it and pretend and put makeup on them and wear
802 01:19:59 --> 01:20:03 a mask and. Say, you know, I don't have problems. It's everybody else, your
803 01:20:03 --> 01:20:08 mentor talking to you. I have a lot of things that I wrestle with, and you you
804 01:20:08 --> 01:20:12 as well, and they're going to materialize in your trading right now
805 01:20:12 --> 01:20:19 we're looking at how prices respecting that September 1, new week opening gap.
806 01:20:19 --> 01:20:27 There's an overlap of here. This low is a new week opening guide. Well, I'm
807 01:20:27 --> 01:20:29 watching the bodies here on the one minute chart,
808 01:20:36 --> 01:20:43 so we don't have any buy side to refer to here on the one minute chart. So we
809 01:20:43 --> 01:20:45 got to go up one time frame.
810 01:20:52 --> 01:20:52 Yeah,
811 01:21:00 --> 01:21:08 there's those relative equal highs on the 60 minute chart for December
812 01:21:08 --> 01:21:17 delivery the contract. All right, so we have this high right here. You see that
813 01:21:19 --> 01:21:29 wide this out a little bit for the center contract. We have this high it's
814 01:21:29 --> 01:21:38 moving still closer to the 19,009 26 level. So now that level, I'll change
815 01:21:38 --> 01:21:41 its style a little bit so you can see it differently.
816 01:21:47 --> 01:21:51 All right? So there's another pool. Look at the buy side, and it's framed on the
817 01:21:51 --> 01:21:59 hourly chart, and all we're doing is providing a means of framing and
818 01:21:59 --> 01:22:04 exercise. That's all it is. It's not a, I gotta be, right? It's it's not a, Mr.
819 01:22:04 --> 01:22:08 Precise, it's not about you making money. Do not monetize it. Don't take a
820 01:22:08 --> 01:22:12 trade on it. If I'm given something here to execute on you.
821 01:22:27 --> 01:22:33 I would like to see this stay open, because we already, we already dropped
822 01:22:33 --> 01:22:33 into it here
823 01:22:42 --> 01:22:47 and it didn't stay open there, but I would seen it stay open if it started to
824 01:22:47 --> 01:22:51 displace higher, then that could have created a fair value gap. That's what I
825 01:22:51 --> 01:22:51 mean by
826 01:22:58 --> 01:23:05 that. So new week, opening gap once at the Reverse, just about near Its high.
827 01:23:06 --> 01:23:07 There I'm
828 01:24:00 --> 01:24:54 All Right? I all I just did was annotate the minor buy side and sell side. How do
829 01:24:54 --> 01:24:57 I know that there's buy side? Because the market turned here and went lower.
830 01:24:57 --> 01:25:03 We created a swing low here. In this candlestick right there as soon as it
831 01:25:03 --> 01:25:08 closed, that validated this as a swing low. So anyone that's long, they could
832 01:25:08 --> 01:25:11 theoretically, and that's all we're doing theoretically, is assuming that
833 01:25:11 --> 01:25:15 there's going to be some measure of stops below there, and then the buy side
834 01:25:15 --> 01:25:20 would be here. I'm I
835 01:25:38 --> 01:25:46 just missed it. Sorry I that candlestick right there when I hit that, that was
836 01:25:46 --> 01:25:52 the entry for buy side. And then I would want To see inversion in here. I'm
837 01:26:40 --> 01:26:49 right? We have this big block of back and forth price action, where it spent
838 01:26:49 --> 01:26:58 time, a lot of time, back and forth in this range. So 19, 813, 50 is also
839 01:26:58 --> 01:27:09 September's 13 daily high. So I'm not I'm not impressed with the run below the
840 01:27:09 --> 01:27:13 short term low. Just to get to that level, it's not like I don't I don't see
841 01:27:13 --> 01:27:15 it like it's breaking down. To keep going lower, it's going to have to prove
842 01:27:15 --> 01:27:22 something significant to me on the downside, I'm more inclined to fish on
843 01:27:22 --> 01:27:27 the upside, and it can drop, and it's fine. It won't, it won't be something
844 01:27:27 --> 01:27:31 that would be regretful over, because you have to have rules. And the rules
845 01:27:31 --> 01:27:38 here, I'm not trying to be short. We've already shown a willingness to gravitate
846 01:27:38 --> 01:27:49 towards that 19. I 860, 2.75 level, and it's not even close to the relative
847 01:27:49 --> 01:27:52 equal highs at the 926, level. I
848 01:28:04 --> 01:28:09 a breaker, low, high, lower, low. This candles range, and we have that little
849 01:28:09 --> 01:28:12 inefficiency there. That's where we're in. We're inside of that right now. So
850 01:28:12 --> 01:28:18 I'm watching it. So we're inside of September 13, old daily high. And while
851 01:28:18 --> 01:28:22 I'm talking on your own charts, you should drop a line on that September 13
852 01:28:22 --> 01:28:30 daily high, and you'll see what that level is. But here's a breaker, so it
853 01:28:30 --> 01:28:36 looks like this, so I'm not
854 01:28:42 --> 01:28:43 inside that range right there.
855 01:28:58 --> 01:29:06 Now, if we lose this range to the downside, then we may have done enough
856 01:29:06 --> 01:29:11 for the morning session going into lunch macro, where they'll move against the
857 01:29:11 --> 01:29:17 traders that have been long. That would be this sell side, resting right Here on
858 01:29:17 --> 01:29:18 the left hand side chart. And
859 01:29:55 --> 01:29:56 but it has to leave this blue shaded area i.
860 01:30:05 --> 01:30:07 If the breaker wasn't there, this would be the
861 01:30:15 --> 01:30:17 Short now, if I side goes to Here, I
862 01:30:47 --> 01:30:48 There you go.
863 01:31:00 --> 01:31:07 And new week opening gap that's going to go below here. It's reasonable to see
864 01:31:07 --> 01:31:09 it. Try to reach into that as well. I'm
865 01:31:37 --> 01:31:38 What time is it? I?
866 01:31:46 --> 01:31:58 1015, 1110, macro, sell side. That little gap right there, that's the one,
867 01:31:58 --> 01:32:06 but I wanted to see it come down and give me one tiny little gap below that.
868 01:32:06 --> 01:32:10 That was the one I was wanting to aim on. But I gave you this before it
869 01:32:10 --> 01:32:14 happened. So it's, it's a consolation prize. It's called that. I know some of
870 01:32:14 --> 01:32:21 you are still hammering on whatever I'm saying. If you took that. Don't tell me,
871 01:32:21 --> 01:32:24 people are still not listening to telling me in the comment section, this
872 01:32:24 --> 01:32:27 is, this is what I took. It took right here. I made this. I passed my comment.
873 01:32:27 --> 01:32:27 All
874 01:32:34 --> 01:32:40 right, so day low here. I'm not convinced that they're going to come
875 01:32:40 --> 01:32:46 down that far, but I'm willing to give it another opportunity to sweep below
876 01:32:46 --> 01:33:00 here once more. So this low now becomes sell side. So any little rally in here,
877 01:33:01 --> 01:33:05 as long as I don't go to the mean threshold of the breaker, that's this
878 01:33:05 --> 01:33:11 range here on the one minute chart, then could be just setting up a retracement
879 01:33:11 --> 01:33:15 here. Just dive one more time and get into new week opening gap. Well, then if
880 01:33:15 --> 01:33:20 I can get a rally after that, I'll work with any fair value gap there to treat
881 01:33:20 --> 01:33:28 back up to the breaker. If it can afford me 20 handles range. That's the that's
882 01:33:28 --> 01:33:33 the filter. It's gotta give me at least 20 handles of where I try to get mad at
883 01:33:33 --> 01:33:37 and where I'm trying to aim for. If I can't frame that, then I have to sit
884 01:33:37 --> 01:33:43 still and it can we can see the moves coming, but it's not frameable based on
885 01:33:43 --> 01:33:48 the watch come performing for Caleb, which is 20 handles run from entry you
886 01:34:00 --> 01:34:21 now, because we're below this breaker, low, low, high, low or low, then rallied
887 01:34:22 --> 01:34:30 to new week of putting gaps, broke down, went below the breaker here. So as long
888 01:34:30 --> 01:34:33 as we're below half of this range, I
889 01:34:38 --> 01:34:41 wouldn't be interested in anything long. I'm.
890 01:35:01 --> 01:35:04 So what I'm saying is, I'm looking for some reason for the market to fail to
891 01:35:04 --> 01:35:09 get above the midpoint. It can trade where it's at here. That's That's
892 01:35:09 --> 01:35:13 normal. Can trade me up to it. But the gaps, the PD arrays, everything that I
893 01:35:13 --> 01:35:18 have, that I key off of in price, they all have an inverted aspect to them, so
894 01:35:18 --> 01:35:24 they can be treated the opposite. So what you think about classic Support
895 01:35:24 --> 01:35:28 Resistance? I can apply that to these things here, but it's not classic
896 01:35:28 --> 01:35:33 Support Resistance. It's very specific candles. It's very specific prices, the
897 01:35:33 --> 01:35:38 low the lower quadrant and the halfway or mean threshold, because it's an order
898 01:35:38 --> 01:35:39 block. So
899 01:35:44 --> 01:35:53 so half of this breaker to its low. That's like the the area where the the
900 01:35:53 --> 01:35:59 turn could happen in a run below this low, down the end in log, that would be
901 01:35:59 --> 01:36:05 a setup. We have a gap here. If it runs away again, then It's just making my day
902 01:36:05 --> 01:36:06 longer. You
903 01:36:40 --> 01:36:53 I want to put a short one so that we can see trading against a higher Time Frame,
904 01:36:53 --> 01:36:58 likely bias on a day prior to FOMC, late in the morning Session, i
905 01:38:31 --> 01:38:35 i see it wanting to Take this short term high here first i
906 01:38:55 --> 01:38:59 i see how much time it's staying inside that gap. Oh, here. You don't want to
907 01:38:59 --> 01:39:00 see that,
908 01:39:11 --> 01:39:16 and that would have stopped out so I could see where I'd be wrong. And as
909 01:39:16 --> 01:39:22 much as it would probably entertain for some of you. If I would have took that
910 01:39:22 --> 01:39:31 entry, I just know that it's not it's not there, it's not there yet. But using
911 01:39:31 --> 01:39:33 that one, you would have been stopped out or I would have been stopped out
912 01:39:33 --> 01:39:41 there. How did I know that? Because I think that this was too easy, too
913 01:39:41 --> 01:39:44 shallow. And I think either they're going to send it higher or they're going
914 01:39:44 --> 01:39:48 to take it right above this high Anyway, before it goes below these relative
915 01:39:48 --> 01:39:54 equal lows. So in between that little I can justify both sides, and if I can do
916 01:39:54 --> 01:39:59 that, it's not high probability. So it's given me the ability to show you. Caleb,
917 01:39:59 --> 01:40:05 okay. That just because it looks like it's a fair value gap, where we at, what
918 01:40:05 --> 01:40:10 time we're at, and how it just delivered that little tiny wick into the lower
919 01:40:10 --> 01:40:20 half of that break I was annotating, I feel like we've pushed it up a little
920 01:40:20 --> 01:40:27 bit from 930s high, we went lower. We consolidated. Made all of this in here
921 01:40:27 --> 01:40:33 jagged him once more here after trading into the new week, opening gaps above
922 01:40:35 --> 01:40:46 the initial high of the day, because we've had 1234, lows produced to the
923 01:40:46 --> 01:40:51 downside. This is really, really jagged, and I'm I would be trying to sell short
924 01:40:52 --> 01:40:58 in the very like low end of the of the range. So what would I be doing selling
925 01:40:58 --> 01:41:03 here? I'm selling a discount. There's people out there want to buy something
926 01:41:04 --> 01:41:09 cheap. So I'm watching this high here because that'll tell me what I want to
927 01:41:09 --> 01:41:16 do. I told you I'm not leaving until I I get something that I can frame on and
928 01:41:16 --> 01:41:24 look at this is this slowly gyriding up to that little high right there. So
929 01:41:24 --> 01:41:27 anyone that's trying to be short or that is short, not that they're all using a
930 01:41:27 --> 01:41:31 15 second chart, mind you, but you can see that high is also in the limited
931 01:41:31 --> 01:41:38 chart. So you have to sit still sometimes, and if you don't know what
932 01:41:38 --> 01:41:43 you're looking for, it could be frustrating, and just drag you nuts. But
933 01:41:46 --> 01:41:49 there has to be some reason why you're taking the trade. You can't just simply
934 01:41:49 --> 01:41:53 push the button to find out. I'm not here for that. I'm here to teach my son
935 01:41:53 --> 01:42:00 patience, teach him look at things with rules, frame the probabilities and
936 01:42:00 --> 01:42:02 justify why I will or why I won't.
937 01:42:14 --> 01:42:18 Alright, so now we have somewhat of a balanced price range in here. I mean,
938 01:42:18 --> 01:42:23 it's on the 15 second chart. I don't want to make too much of that. But this
939 01:42:23 --> 01:42:28 little gap here, we're seeing these little tiny candlesticks reaching up. I
940 01:42:28 --> 01:42:33 would like to see it just go above this high here and then come back down into
941 01:42:33 --> 01:42:41 this inefficiency and see if it can support it with inversion
942 01:42:41 --> 01:42:44 characteristics. Take this midline off.
943 01:42:49 --> 01:42:52 Just bumped the low of that breaker block. I don't want
944 01:42:58 --> 01:43:01 to see it hit the bottom of the breaker block and come down in here. I wanted to
945 01:43:01 --> 01:43:05 see it take this high. I high, come down, hit that, and then if it shows
946 01:43:05 --> 01:43:08 displacement higher off of that, then it to me, it's a little bit more
947 01:43:08 --> 01:43:13 trustworthy to the upside. And then I can entertain maybe I run into the high
948 01:43:13 --> 01:43:16 the breaker, or this inefficiency right there, I'm
949 01:43:36 --> 01:43:36 Come on.
950 01:43:42 --> 01:44:03 You. Now take a screenshot of what we're looking at here. This is exactly where
951 01:44:05 --> 01:44:09 you can identify where you do not want to trade. I'm going to force myself to
952 01:44:09 --> 01:44:12 trade in this environment because I want you to see the difficulties of it. I'll
953 01:44:12 --> 01:44:15 probably going to fail in it. That's why I'm telling you. Don't, don't copy this
954 01:44:15 --> 01:44:20 one. But I want you to see before I do anything, look at how it's behaving. Is
955 01:44:21 --> 01:44:25 it animated? To try to get anywhere in a quick, fast, sudden manner? No, it's
956 01:44:25 --> 01:44:31 just like I'm just moving around a little bit lethargically either side of
957 01:44:31 --> 01:44:36 the marketplace. It should have dropped here, if this was a valid fair value
958 01:44:36 --> 01:44:41 gap, which I told you, because of all the things that are on the one minute
959 01:44:41 --> 01:44:46 chart that doesn't bode well for selling short, that that cheap or low in the in
960 01:44:46 --> 01:44:53 the daily range after it's already had this big drop down. So this lunch macro,
961 01:44:53 --> 01:44:59 where it took the sell side out over here, that right there, it might be the
962 01:44:59 --> 01:45:06 low. And we could be higher in the afternoon. That's what I wanted right
963 01:45:06 --> 01:45:13 there now, because this inefficiency is the only one that has any interest to me
964 01:45:13 --> 01:45:18 at all. I want to see duty dive it back down into this, and then if it can hit
965 01:45:18 --> 01:45:24 this, but not go through it with a body, if it can hit it and displace higher,
966 01:45:24 --> 01:45:28 like a big, nice series of one or two candles to the upside, create an
967 01:45:28 --> 01:45:32 inefficiency there, then that could be a catalyst to get us up into that
968 01:45:32 --> 01:45:39 inefficiency there. Apologize. Caleb, I did not want the video to be this long.
969 01:45:40 --> 01:45:48 Shut up. ICT, you're here till you're 90. You're here till you'll be doing
970 01:45:48 --> 01:45:55 this till you're 90. That was a funny line of dipple, but I asked you to take
971 01:45:55 --> 01:46:03 a screenshot because the way prices just meandering around. Okay? That is what
972 01:46:03 --> 01:46:09 happens when the market enters a buy model. It just sent not, I'm sorry, buy
973 01:46:09 --> 01:46:12 program where it just starts ticking higher. It doesn't matter how many
974 01:46:12 --> 01:46:15 people are selling, shorter buying, it's just going to keep offering higher
975 01:46:15 --> 01:46:19 prices, keep high, higher, higher, higher. And it starts squeezing and
976 01:46:19 --> 01:46:22 squeezing and squeezing. And then as it gets to a level where there is
977 01:46:22 --> 01:46:26 inefficiency or liquidity, and the one minute chart, you see it right here.
978 01:46:27 --> 01:46:29 That's that short term high
979 01:46:34 --> 01:46:38 these are very, very challenging conditions when it's behaving this way,
980 01:46:39 --> 01:46:47 if you're if you're brand new. You can be smacked around a little bit or
981 01:46:47 --> 01:46:50 frustrated. So
982 01:46:58 --> 01:47:00 there's your buy side. You all
983 01:47:06 --> 01:47:12 right, so then we're back above the mean threshold of that breaker over here.
984 01:47:13 --> 01:47:17 That's this candlestick right there. It's the last up close candle right
985 01:47:17 --> 01:47:22 before the drop down to a lower low there. So it's a low, high, lower, low.
986 01:47:31 --> 01:47:36 It did not come down to hit this area here. It just kept booking price,
987 01:47:36 --> 01:47:39 higher, higher, higher, higher, higher. So they're going to make a mad dash up
988 01:47:40 --> 01:47:43 that attack these, these buy stops, I see
989 01:47:52 --> 01:47:52 These drawings today,
990 01:48:00 --> 01:48:07 calling it live. We're doing it live. See, push this to the back.
991 01:48:18 --> 01:48:30 So we're back at September 13 daily high, top of the breaker now, because we
992 01:48:30 --> 01:48:37 have this area of inefficiency. Now, mind you, it's anchored on a 32nd chart.
993 01:48:37 --> 01:48:41 So bear that in mind, it's not like it's on an hourly chart, where, if this were
994 01:48:41 --> 01:48:45 an inefficiency in this time frame, were a one hour chart or 60 minute chart,
995 01:48:46 --> 01:48:50 price would have no problem going up with one single candle into this little
996 01:48:50 --> 01:48:54 area. It can still do it on on the 15 second chart, that that's still a
997 01:48:54 --> 01:48:59 characteristic. But because it's only in a 15 second chart that it has this
998 01:48:59 --> 01:49:03 inefficiency there, because if you look at it right here, it's it's been offered
999 01:49:03 --> 01:49:08 by side delivery, and then this single candle on the one minute chart, inside
1000 01:49:08 --> 01:49:15 that moment charts range, we have this small little inefficiency there. So
1001 01:49:16 --> 01:49:21 keeping to the the rules, I'd still would like to see it Ram up in there
1002 01:49:21 --> 01:49:24 pretty quick. And if it's going to get in there, why not just take out the
1003 01:49:24 --> 01:49:26 liquidity right right there,
1004 01:49:32 --> 01:49:37 working towards the low end of that breaker, spiking through mean threshold,
1005 01:49:37 --> 01:49:43 which is the midpoint whenever there's an order block, half of that range is
1006 01:49:43 --> 01:49:50 always mean threshold. If it's a gap or a wick, the midpoint is constant
1007 01:49:50 --> 01:49:55 encroachment. The books will explain why those names were given to it. I just
1008 01:49:55 --> 01:50:00 don't want to talk about that publicly, because it makes people stupid. Um. Look
1009 01:50:00 --> 01:50:06 smart. That's it. Incorrectly. It makes stupid people or fraud. My people look
1010 01:50:06 --> 01:50:14 smart. There's no sense of helping them write their cliff note. Cliff note
1011 01:50:14 --> 01:50:19 version of my concept. Just to get a book out there, you don't even make a
1012 01:50:19 --> 01:50:22 lot of money on the books. I mean, it's not even that big of a profitable
1013 01:50:22 --> 01:50:28 venture. The only thing I'm concerned about is making sure I record it in the
1014 01:50:28 --> 01:50:33 annals of history, that this is what it is. This is who it came from, and now
1015 01:50:33 --> 01:50:41 it's my gift to you. All right, so we're at mean threshold, half of the breaker.
1016 01:50:44 --> 01:50:52 And we have an inefficiency right there. And like to see that be used as
1017 01:50:52 --> 01:50:57 inversion. So it would, you want to see it go away from a little bit and come
1018 01:50:57 --> 01:51:05 back down into it and it run up into the inefficiency right there.
1019 01:51:10 --> 01:51:17 Now look at the delivery of price here on the one minute chart. Watch how when
1020 01:51:17 --> 01:51:26 it goes higher. Do you see any gaps? This was immediate rebalance, really,
1021 01:51:26 --> 01:51:30 really, really, small, little volume imbalance there, but no fair value. Got
1022 01:51:30 --> 01:51:37 see that and then delivered to the high the breaker. This is classy, and so I
1023 01:51:37 --> 01:51:40 tell you, take a screenshot of that, because when you start seeing price
1024 01:51:40 --> 01:51:45 doing this. That is the algorithm in a buy program. That means it's simply
1025 01:51:45 --> 01:51:49 going to keep offering higher prices. It does not matter what your little book
1026 01:51:49 --> 01:51:53 map things say. Doesn't matter what your liquidity things say. It means it's just
1027 01:51:53 --> 01:51:57 going to start marching higher, higher, higher, higher. That was the reason why
1028 01:51:57 --> 01:52:00 I stopped. I was going to take the short in here, just to illustrate. This is
1029 01:52:00 --> 01:52:04 shorting. And I was like, You know what? Why do that? It's better for me to
1030 01:52:04 --> 01:52:09 illustrate why that's not even a good one. So the screenshot of you seeing how
1031 01:52:09 --> 01:52:15 price is not giving you any kind of fair value gap. It's just one steady just
1032 01:52:15 --> 01:52:18 booking, higher booking, higher booking, higher booking, higher and no
1033 01:52:18 --> 01:52:23 inefficiency. So if you're offside in that it's very, very painful, extremely
1034 01:52:23 --> 01:52:27 painful. Notice the bodies, we never left it and came back down. The bodies
1035 01:52:27 --> 01:52:32 are staying inside of it. So is that? Is that displacement to the outside? No, I
1036 01:52:47 --> 01:52:51 I thought you had me. Didn't you feel? Yeah, yeah.
1037 01:53:00 --> 01:53:00 All right, I'm
1038 01:53:32 --> 01:53:37 if you weren't here today, what would you be doing, wasting your time. You're
1039 01:53:37 --> 01:53:43 learning how to read and navigate price action, navigating it, understanding why
1040 01:53:43 --> 01:53:51 it should or shouldn't, everything I can't do in a book. Imagine these as
1041 01:53:51 --> 01:53:56 chapters in a book. It's, it's very hard to write that kind of stuff and make it
1042 01:53:56 --> 01:54:05 make sense. It's, you have to see it. That's why. Hate to say it, but 99.99%
1043 01:54:07 --> 01:54:13 of any trading books are useless because a static picture and a couple paragraphs
1044 01:54:13 --> 01:54:18 or whatnot doesn't adequately describe what it's communicating. I'm sure the
1045 01:54:18 --> 01:54:22 authors are well intended. I would have intentions, because I don't mind
1046 01:54:22 --> 01:54:26 spending time bliviating in great detail about what I expect to see in price. I
1047 01:54:28 --> 01:54:34 want to see this small little portion stay open, and now, because we had this
1048 01:54:34 --> 01:54:39 nice little retracement up in here, I'll explore the downside. I want to see if
1049 01:54:39 --> 01:54:43 we can get to mean threshold. I'm sorry, consequence, correction of this gap, no
1050 01:54:53 --> 01:54:57 stains out there. All right, wait, I'll wait for it again. Do.
1051 01:55:08 --> 01:55:11 I believe it's going below this low. So that way we understand what I'm
1052 01:55:11 --> 01:55:15 expecting. We had this nice, deep retracement. It pressed higher, higher,
1053 01:55:15 --> 01:55:20 higher, higher, higher, higher, higher, to the top of the breaker. We couldn't
1054 01:55:20 --> 01:55:24 find inversion there. All the bodies stayed inside of it. Nice displacement
1055 01:55:24 --> 01:55:28 to the downside. We rally back up. I want to see this small little segment of
1056 01:55:28 --> 01:55:32 price action here stay open, meaning that I don't want to see it trade back
1057 01:55:32 --> 01:55:35 to the bottom of that blue box or into that volume of balance. I like to see
1058 01:55:35 --> 01:55:40 that stuff stay there. And if we can find ourselves heavy in this area, that
1059 01:55:40 --> 01:55:44 should allow for a run to get to the sales up. They still have to wait for
1060 01:55:44 --> 01:55:47 the fair value gap. That makes sense, and that isn't making sense yet. It's
1061 01:55:47 --> 01:55:50 got to still work out the creases.
1062 01:55:58 --> 01:56:04 So knowing how you can fail, knowing how you can lose money, identifying it and
1063 01:56:04 --> 01:56:10 saying, No, this isn't it. That's going to come with experience. It's not a
1064 01:56:10 --> 01:56:14 matter of going out there and try to trade everything and make money. The
1065 01:56:14 --> 01:56:23 main thing is capital preservation. See, I don't want that. I ideally it should
1066 01:56:23 --> 01:56:29 have went to consequent encouragement of that gap right there. Why that one?
1067 01:56:29 --> 01:56:34 Because it's matching basically this one, single candle up, single candle
1068 01:56:34 --> 01:56:38 down. They're sharing the same spatial range between their highs and lows that
1069 01:56:38 --> 01:56:43 make this imbalances. So that's a balanced price range, so I want to see
1070 01:56:43 --> 01:56:47 it trade down below it and show a willingness to hit half of that and then
1071 01:56:47 --> 01:56:51 drop. Then that drop would be candlestick number two of a fair value
1072 01:56:51 --> 01:56:54 gap that I could use to get in, to get short and then run down here. But since
1073 01:56:54 --> 01:56:56 it's not doing that, I have to sit still. I'm
1074 01:57:03 --> 01:57:10 now we got the volume of balance redelivered too, and now we're at, I
1075 01:57:10 --> 01:57:20 mean, it could, it could roll over here lower, but it needs to show a
1076 01:57:20 --> 01:57:26 displacement sharp, way down and down. So I want something at mid range of this
1077 01:57:26 --> 01:57:31 gap down here, even though this is a higher price, that if it's going to
1078 01:57:31 --> 01:57:35 drop, this would be a better entry, because it's a higher premium price. I
1079 01:57:35 --> 01:57:38 don't I don't trust that my entry there would be sound. I
1080 01:57:44 --> 01:57:47 watch that wick right here. I
1081 01:58:51 --> 01:58:56 now I don't want to see if I want to try to frame it out of which is I'm trying
1082 01:58:56 --> 01:59:00 to force myself into taking a short to this low. Yeah, I don't want to see it
1083 01:59:00 --> 01:59:06 support price there. I like to see it lay down a candlestick, but not close
1084 01:59:06 --> 01:59:14 outside the low of it and create A inefficiency so I can position inside of
1085 01:59:14 --> 01:59:14 that I'm
1086 01:59:40 --> 01:59:56 uh, volume and balance delivered to that. Now this right here. Just deliver
1087 01:59:56 --> 02:00:00 it, man, there you go. Now, don't run away. Don't run away. Don't run away.
1088 02:00:00 --> 02:00:01 Don't run away yet. I'm
1089 02:00:12 --> 02:00:19 gonna see if we can touch the bottom of that inversion fair value gap. Not yet.
1090 02:00:19 --> 02:00:32 I'm blame the balance right there, and, oh, you fucking kidding me. Okay, well,
1091 02:00:33 --> 02:00:38 we're gonna have to pretend. Okay, the stop loss would have to be above this
1092 02:00:38 --> 02:00:43 candle sticks, consequent crochet of the wick, that's where my stock would be. So
1093 02:00:43 --> 02:00:47 that way you can see, you can see where it would be at. Told you I teach for the
1094 02:00:47 --> 02:00:48 demo. So some of you,
1095 02:00:56 --> 02:01:02 okay, so it would be one tick above that, and the limit order would be at
1096 02:01:02 --> 02:01:13 that price, okay, 745, and a quarter. It's this fair value gap there. Trading
1097 02:01:13 --> 02:01:26 view. Come on now. This is the gap right there. That's how it's eyeballing. There
1098 02:01:35 --> 02:01:44 you go. You can take a partial there. I
1099 02:02:06 --> 02:02:14 not as sexy as is when you see the executions, that's okay. I'll work with
1100 02:02:14 --> 02:02:15 it with yellow.
1101 02:02:28 --> 02:02:32 Trading view, you cannot do any maintenance during live streams to ICT,
1102 02:02:32 --> 02:02:39 okay, it's not good for marketing. For you, it's not good. So always see what
1103 02:02:39 --> 02:02:42 time you plan on doing maintenance. Schedule outside the times. I'm going to
1104 02:02:42 --> 02:02:52 be live streaming. So you would be in with the stop that covers The costs, and
1105 02:02:52 --> 02:02:58 you'd be In one partial already. So
1106 02:03:40 --> 02:04:01 I Got some relative equal loads. There.
1107 02:04:22 --> 02:04:39 You that would be a partial tonight, have two partials booked. Stop what
1108 02:04:39 --> 02:04:43 state rate where it's at, so it doesn't matter where it goes. Now, you stick
1109 02:04:43 --> 02:04:50 with it and aim for this lower here, and just relax that whatever's going to
1110 02:04:50 --> 02:04:51 happen, happen. You.
1111 02:05:20 --> 02:05:22 I start with Roll to here And
1112 02:06:31 --> 02:06:36 and you'd stop out on the balance there, and you do all your markups to get all
1113 02:06:36 --> 02:06:41 your information from where you were entering. What was a total drawdown, how
1114 02:06:41 --> 02:06:46 much heat, in other words, the tree would have had placed on you. And you
1115 02:06:46 --> 02:06:50 take your partials, where I was queuing up. Audibly, you would take a partial,
1116 02:06:51 --> 02:06:55 and then the partial here, and we rolled the stop down, because once we have a
1117 02:06:55 --> 02:07:03 partial, a second one, and we're getting close to the low. We're looking for this
1118 02:07:04 --> 02:07:08 this low here, and the rejection block is what I was looking at. And that's why
1119 02:07:08 --> 02:07:12 I said to drop the stop theoretically, hypothetically to here, because what
1120 02:07:12 --> 02:07:16 we're doing is what I taught you in this mentorship, where, if you don't know how
1121 02:07:16 --> 02:07:22 to time or select the partials to get out of the trade with pieces of it and
1122 02:07:22 --> 02:07:29 profit by chasing down a recent high. Just let the market take you out. It
1123 02:07:29 --> 02:07:34 removes all the worry about which one should I do, or how should I manage it?
1124 02:07:34 --> 02:07:39 You got two partials. You let the market take you out. And it doesn't have to go
1125 02:07:39 --> 02:07:44 down and take this low out. It's just the target. So it removes all of the I
1126 02:07:44 --> 02:07:48 have to be right stuff that everybody thinks that I teach, I don't teach that
1127 02:07:48 --> 02:07:55 you have to be right. Now, admittedly, I'm a little disappointed, because I
1128 02:07:55 --> 02:08:02 absolutely wanted to be in this to show you with with one contract, how the
1129 02:08:02 --> 02:08:09 stock would have been managed. So it's kind of like it's not as good as it
1130 02:08:09 --> 02:08:13 would have been if I would have been in it. So, but I know some of you are out
1131 02:08:13 --> 02:08:17 there taking this, and as much as I don't want you doing it, I gave you
1132 02:08:17 --> 02:08:23 guidance, because I know you probably are doing more than one contract. So not
1133 02:08:23 --> 02:08:27 an easy session. I mean, it's not impossible. Obviously you can see what
1134 02:08:27 --> 02:08:31 we are looking for, and everything outlined is in the video. You'll be able
1135 02:08:31 --> 02:08:36 to listen to it and see it, but framing it where it makes sense, it has to make
1136 02:08:36 --> 02:08:41 sense. Just because prices moving around doesn't mean I have to be in there.
1137 02:08:41 --> 02:08:45 Doesn't mean you have to be in there. But finding a setup, getting in and
1138 02:08:45 --> 02:08:50 getting 20 handles, 2025 handles, something like that. That's a nice
1139 02:08:50 --> 02:08:55 little bread and butter type setup. There's opportunities where you can go
1140 02:08:55 --> 02:08:59 back through price action. The main takeaway today is, is identifying how
1141 02:08:59 --> 02:09:06 price was delivering all this run up to the top of the breaker here. All of this
1142 02:09:06 --> 02:09:15 is all one sided, all of this on the one minute chart that makes it hard to find
1143 02:09:15 --> 02:09:21 an inefficiency in you have to just let it go. And then it'll do this. It'll
1144 02:09:21 --> 02:09:25 give up the ghost, basically, and just boom, you'll see an energetic run. And
1145 02:09:25 --> 02:09:31 then here, big energetic run. I wanted to see this stay open. Now, why would I
1146 02:09:31 --> 02:09:36 would have seen that? Because if this is the low I'm aiming for here, if this
1147 02:09:36 --> 02:09:39 would have stayed open, this would have been a whole lot faster and quicker.
1148 02:09:39 --> 02:09:43 It's still very well may go down there, but it would have been a lot less of
1149 02:09:43 --> 02:09:47 this kind of stuff. It just would have been I fell out of bed there it is done,
1150 02:09:47 --> 02:09:55 and I would have been less inclined to tell you where the stop would have been
1151 02:09:55 --> 02:10:00 dropped, down to here that would have stayed at where it was initially one. It
1152 02:10:00 --> 02:10:05 covered costs. It would, it would have stayed there, and then the run below
1153 02:10:05 --> 02:10:09 this and into new week, opening gap down here, which is still, you know,
1154 02:10:10 --> 02:10:15 something that could potentially pan out. So I did my best with working with
1155 02:10:15 --> 02:10:22 what was given to us today, teaching how to wait for a setup, being very critical
1156 02:10:22 --> 02:10:27 of the framework, the things that I would like to look for. You saw me try
1157 02:10:27 --> 02:10:32 to go in, but it's not it's not my fault that the trading view was doing
1158 02:10:32 --> 02:10:35 maintenance on their paper trading thing. I have to teach in a paper
1159 02:10:35 --> 02:10:38 trading account. I'm a licensed trade advisor. None of these things should be
1160 02:10:38 --> 02:10:41 inspiration for you to go and trade with your real money. I can't control what
1161 02:10:41 --> 02:10:46 you're going to do, but I am asking you, if you follow this and you made money,
1162 02:10:46 --> 02:10:50 please don't tell me. I don't want to know about it. That's not what we're
1163 02:10:50 --> 02:10:54 having here. We're not a signal service. I'm not a signal provider. I'm trying to
1164 02:10:54 --> 02:10:58 teach you how to reprice action, live with logic that I teach on this YouTube
1165 02:10:58 --> 02:11:02 channel. It's up to you to decide whether or not there's any value in
1166 02:11:02 --> 02:11:05 this. I personally would love to have had this information presented to me,
1167 02:11:05 --> 02:11:11 and especially if it's for free, and I'm trying to help my son have all the
1168 02:11:11 --> 02:11:17 advantages and remove as much as I humanly possibly can, as both his dad
1169 02:11:17 --> 02:11:21 and the mentor of the treating side of it, to help him remove the likelihood of
1170 02:11:21 --> 02:11:27 him hurting himself and making his progress as easy as it can be done. But
1171 02:11:27 --> 02:11:30 still, you know, you still going to put the put the effort behind it, and it's
1172 02:11:30 --> 02:11:37 not going to happen real fast. Okay, so hopefully you got something from this.
1173 02:11:37 --> 02:11:41 Admittedly, my obsessively compulsive side is a little flared up right now
1174 02:11:41 --> 02:11:46 because I I don't like the fact that it didn't let me get in it, but at least I
1175 02:11:46 --> 02:11:50 was able to outline it for you. So hopefully that's enough consolation
1176 02:11:50 --> 02:11:54 prize for what we've seen here today. If you learn something from this today,
1177 02:11:55 --> 02:12:00 leave a comment in the community post after this stream closes, I usually go
1178 02:12:00 --> 02:12:03 over to my community post on YouTube channel and I put the date up, and I'll
1179 02:12:03 --> 02:12:07 ask you, what did you learn with this live stream? And it's the date in
1180 02:12:07 --> 02:12:11 today's live stream. If you learned anything, you know, I'd like to know
1181 02:12:11 --> 02:12:17 what helped you. And if you didn't learn anything, I don't care to know that,
1182 02:12:17 --> 02:12:22 because when I see that, I just simply, I block you because that that comment is
1183 02:12:22 --> 02:12:26 just waste the stuff is waste of time. You're wasting time writing it, and I'm
1184 02:12:26 --> 02:12:30 wasting my time leaving you accessible to me. I'm not going to give you my
1185 02:12:30 --> 02:12:33 time. It doesn't mean you can't watch my stuff. It just means that I won't ever
1186 02:12:33 --> 02:12:37 see your comment again. Now on Twitter, everybody is open like you can you can
1187 02:12:37 --> 02:12:40 tell me anything there. If you learn something, tell me what you learned
1188 02:12:40 --> 02:12:44 there. It's more dynamic. If I see something I really like, or felt like I
1189 02:12:44 --> 02:12:49 stuck a nerve in the good side, in a good sense, I might respond to you, but
1190 02:12:49 --> 02:12:56 until I talk to you on Thursday, because tomorrow, again, Wednesday is flmc. I
1191 02:12:56 --> 02:13:00 have a guy that's saying he's going to live stream, so I want to, kind of like
1192 02:13:00 --> 02:13:02 sit in and watch whatever he's he's doing, I don't know. And I'll be
1193 02:13:04 --> 02:13:08 sticking my head in to some of my students live streams and watching
1194 02:13:08 --> 02:13:13 watching them do their thing tomorrow, and I'll be back at it again on
1195 02:13:13 --> 02:13:19 Thursday, Lord willing, right around 920 ish, right before the opening bell. So
1196 02:13:19 --> 02:13:21 until I talk to you, then be safe you.